Deemed rent

Pucki (Querist) 15 July 2014 This query is : Resolved

Should not deemed rent held void long time back? When there is no income, where the question arise of 'income tax'?

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Devajyoti Barman (Expert) 15 July 2014
vague query.......

Pucki (Querist) 15 July 2014
It seems Shri Barman ji you have not understood the query. Deemed rent is levied when a person owns more than one house property. Neither of which is rented out. In such case, one which house is treated as self-occupied and other as rented out and rent as per deemed rent is calculated.

However such provision should be held void as when there is no income, there arises no question of income tax.

Devajyoti Barman (Expert) 15 July 2014
I did not understand the query , hence I termed it as vague query..

Pucki (Querist) 15 July 2014

Please anybody else let me know about this query?

T. Kalaiselvan, Advocate (Expert) 17 July 2014
For taxation queries, you may approach a Tax consultant or an auditor or post your queries in CA Club.

M/s. Y-not legal services (Expert) 23 July 2014
Yes. Since your query based on taxation, why you not appear before the CA CLUB.

otherwise post your query with full fact.

Anirudh (Expert) 23 July 2014
Dear Mr. Pucki,

The deemed rent should be void is your WISH. If you feel strongly about it, definitely you can take up the matter with High Court for getting the same declared as VOID.

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