Comments on: Tax Implications on Second House Property http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html Wed, 21 Dec 2011 14:09:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: SK Singh http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-2686 SK Singh Sat, 10 Apr 2010 08:57:43 +0000 http://www.etaxindia.org/?p=850#comment-2686 Sir I own two houses of which the second house is on joint name with my wife.We are presently staying in the second house while my first house is occupied by my parents from whom I do not get any rent. I am paying interest of more than Rs 3 lacs per anum on my housing loan for the 2nd house that is actually occupied by me.There is no loan pending on my 1st house.1. What exemptions can I claim for IT benefits.Please explain in detail. Thanks Sir
I own two houses of which the second house is on joint name with my wife.We are presently staying in the second house while my first house is occupied by my parents from whom I do not get any rent. I am paying interest of more than Rs 3 lacs per anum on my housing loan for the 2nd house that is actually occupied by me.There is no loan pending on my 1st house.1. What exemptions can I claim for IT benefits.Please explain in detail. Thanks

]]> By: suresh http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-1329 suresh Tue, 12 Jan 2010 14:10:37 +0000 http://www.etaxindia.org/?p=850#comment-1329 1)guide me on accounting of foreign exchange fluctuations 2) what is the nature of service tax in case of construction company currently cont. is going on and who has been registered under composition scheme? please help me 1)guide me on accounting of foreign exchange fluctuations

2) what is the nature of service tax in case of construction company currently cont. is going on and who has been registered under composition scheme?

please help me

]]> By: K L Gandhi http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-1316 K L Gandhi Tue, 12 Jan 2010 06:11:26 +0000 http://www.etaxindia.org/?p=850#comment-1316 Sir, I am a retired govt. employee, living in my own house at Gwalior and I have a DDA flat at New Delhi in joint name with my wife. My wife is a govt. empl0yee in Delhi and residing there along with my son. My wife is getting house rent allowance from her office and calculating this amount for Income Tax. Now I want to know whether I have to pay some I.T. for calculating the Income from House Property. Sir,
I am a retired govt. employee, living in my own house at Gwalior and I have a DDA flat at New Delhi in joint name with my wife. My wife is a govt. empl0yee in Delhi and residing there along with my son. My wife is getting house rent allowance from her office and calculating this amount for Income Tax. Now I want to know whether I have to pay some I.T. for calculating the Income from House Property.

]]> By: Karan http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-1178 Karan Wed, 30 Dec 2009 10:55:28 +0000 http://www.etaxindia.org/?p=850#comment-1178 (For self-occupied property, maximum interest on housing load is restricted to Rs. 1,50,000 p.a., subject to certain conditions.) 1. What is HOUSING LOAD?? 2. IF IN THE SELF-OCCUPIED HOUSE TENANTS ARE ALSO THERE , WHAT WILL BE THE ANNUAL VALUE?will that rent be exempted from tax?? reply soon....... (For self-occupied property, maximum interest on housing load is restricted to Rs. 1,50,000 p.a., subject to certain conditions.)
1. What is HOUSING LOAD??
2. IF IN THE SELF-OCCUPIED HOUSE TENANTS ARE ALSO THERE , WHAT
WILL BE THE ANNUAL VALUE?will that rent be exempted from tax??
reply soon…….

]]> By: Vivek V. Dandekar http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-1083 Vivek V. Dandekar Mon, 21 Dec 2009 17:20:26 +0000 http://www.etaxindia.org/?p=850#comment-1083 If I purchase a flat in any apartment or complex, with 2 separate agreement viz. Flat No. 1 & flat No. 1A which is actually a single flat & the builder is registering two agreement to save stamp duty, then are there any problems in the view point of Income Tax? Kindly advise If I purchase a flat in any apartment or complex, with 2 separate agreement viz. Flat No. 1 & flat No. 1A which is actually a single flat & the builder is registering two agreement to save stamp duty, then are there any problems in the view point of Income Tax?

Kindly advise

]]> By: N.C.TYAGI http://www.etaxindia.org/2009/12/tax-implications-on-second-house-property.html#comment-1068 N.C.TYAGI Sun, 20 Dec 2009 11:46:52 +0000 http://www.etaxindia.org/?p=850#comment-1068 IF IN THE SELFOCCUPIED HOUSE A TENANT IS ALSO THERE , WHAT WILL BE THE ANNUAL VALUE? IF IN THE SELFOCCUPIED HOUSE A TENANT IS ALSO THERE , WHAT
WILL BE THE ANNUAL VALUE?

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