Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

SKUMARA1997 (Officer)     03 January 2017

Two property where parent reside

Scenario -1 : Person A has his own house which he shows as his self occupied house in his ITR file. If person A  buy a second home for his father jointly where his father pays 70% and he pays rest 30 % ( Property is in joint name with his father ) .

What will be tax implecation of his IT Return for second house.

 

Scenario -2 : Person A has his own house which he shows as his self occupied house in his ITR file. If A  buy a second  home for his wife ( Property is in joint name with his wife ) . His wife earns from her income FDs and shows this income in her income tax return

What will be tax implecation of 1. person A - IT Return for second house and  2. Wife .in her IT Return.

 

 



 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query