I own two houses both of which are occupied by me and my family. Is there any tax implication? - Tax India

Latest

BANNER 728X90

Monday, February 19, 2018

I own two houses both of which are occupied by me and my family. Is there any tax implication?

  I own two houses both of which are occupied by me and my family. Is there any tax implication?

​​​​Yes. As already mentioned in the earlier FAQ, income from house property is a notional income and only in respect of one residential unit, if self occupied, it will be considered as nil. In case of the other residential unit, fair rent will have to be treated as your income and will be taxed accordingly.​​

No comments:

Post a Comment