Interested to Buy Any Domain ? << Click Here >> for more details...
I got 3 houses in Hyderabd from which i am not getting any
rent because In A house i occupied for my family, No.B was
occupied by My father and C was occupied by my sister.I am
putting Nil in the column mentioned for income from house
property. Is it right or wrong pl let me know
- 2 Answers
- 4904 Views
- I also Faced
- E-Mail Answers
Answer Posted / sam
It is wrong.
As per Income Tax if you are having more than 1 house, then
only 1 house will be treated as Self Ocupied Property (SOP)
& other will be treated as Deemed to be let out Property
(DLOP). So the rent (as per municipal valuation) of DLOP
will be treated as income & included in Income from HP.
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
What are the deductions under salary head?
What are the excise duties in our state?
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
how to file returne?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
How can deduct tds from auction cases (timber)
If a nri buys property in india, does he has to pay property tax?
Explain the procedure to calculate provident fund, esi, vat and sales tax.
What is the procedures for withdrawing of form C?
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
How to calculate long term capital gain
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
