Income Tax and Wealth Tax.

What are the Income Tax and Wealth Tax implications
of owning more that one Residential Flat or House.
in Delhi / Gurgaon.? more  

View all 14 comments Below 14 comments
@mandeep
1. her son has invested in construction amount on her behalf in newly built half portion
2. owner of land and old house was Father-in-law now expired more  
Has
1.She paid any sum for purchase of House Property
2.Is she owner of the house in the Corpn . Records more  
@mandeep, i have a querry,
suppose i have a house and my wife wants to rent half of it under her name on regular agreement to a tenant, is it legally ok if she shows the rent in her returns. more  
One self occupied house has a Annual Vlaue of Zero.In other words income exempt from Tax.More than one house you have to add inyour income the rental value it command in the market. more  
Chakreshji. You wont believe Google is our most Loyal Member. He / She is our CA, Doctor, Guide. Answer to any information correctly and promptly. And that too free, 24/7. God Bless the person who brought us this Google. more  
Post a Comment

Related Posts

    • Punjab Maharashtra CoOp Bank debacle - What next

      Most of you may be reading, listening to the news on Punjab Maharashtra Co-operative Bank’s failure and would broadly be aware as to how a co-operative bank ranking number four in the Coopera...

      By Shivaprasad Chhatre
      /
    • SCSS

      As i understand the Senior Citizen Savings scheme is for the retired and 60yrs above. The total investment allowed is Rs 15 Lakhs per individual or Rs 30 lakhs for a couple. I came to know from the...

      By Puthucode Sundaram
      /
    • Minimum Balance in Saving's Bank

      All Account holders must protest against Arbitrary fixing of Minimum Balance in Saving's Account by various banks. The Minimum Balance should not exceed more than ₹1000/(one thousand) in any a...

      By Devesh Singh
      /
    • INCOME TAX FOR NRI

      What is Income Tax position for a person who is in Singapore for the last more than 3 years and has come to India in Sept 2019. What will be his IT position. Will he will be paying IT for full year...

      By D K GUPTA
      /
    • PAN No. of unlisted co.

      CBDT should also revisit it's decision to file ITR with unlisted shares' holding list showing PAN No. of concerned Co. whereas Company Master Data page of MCA do not contain this PAN detail then fo...

      By G D Binani
      /
    • CBDT: Thanks for providing Prefilled ITR Forms

      I want to place on record sincere thanks to CBDT for providing pre-filled ITR Forms under e-filing. This has simplified the process of filing IT Return and made it faster.

      By MOHIT PANDE
      /
    • Tax, ITR filing, CA, Tax Payer, etc

      Most of the CA & firms who offer services related to ITR filing use the client credentials - is this the right practice?

      By Jai J
      /
    • Please vote everyone if you want income tax filing deadline extended

      How are you positioned to be able to file your individual income tax return for FY 2018-19 by the July 31.. https://bit.ly/2LKe9AW

      By Aditi Jain
      /
    • Things not good for wealthy

      After ydays budget Top tax payers now pay one of the highest taxes in the world with GST impact. But they are no where close in terms of quality of life, health benefits, social security. This is n...

      By Naveen Goel
      /
    • Itr

      In such case of delay being normal, the government should make last date as 30 sept., in place of 31 July, so there is uniformity.

      By Hasmukh Sangani
      /
    • Income tax return

      With increasing the dead line by one month by Cbdt, it is expected by general people atleast the same extension of one month, I.e. submission of income tax return by 31 st August instead of 31 st J...

      By Hasmukh Sangani
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)