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Deemed to be let out, Income Tax |
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Deemed to be let out |
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A is having two houses in two different cities. A is residing in one of the said house in one city where he is employed. The other house in other city is being used by his father, who is not having any other house in his own name, whether one of the said house will be treated as deemed to be let out. Although the house in which father is residing was purchased by the funds provided by father. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In my view, if father is stating the property in his return then question of deemed let out does not arise.Secondly, If the property could be said remain vacant through out the year, the gross annual value would be zero.
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