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DEEMED RENT
Daughter becomes co-owner of family property via oral arrangement; she files tenant eviction case and wins in Supreme CourtA daughter, a co-owner of family property through an oral arrangement, has won a tenant eviction case in the Supreme Court. The court ruled...- Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...
- Sister’s land claimed by brother as deemed tenant; Bombay High Court rejects plea, rules in favour of her adopted sonA long family land dispute spanning over 20 years concluded with the Bombay High Court ruling in favor of an adopted son. The court rejecte...
- Landlord gets tax notice about addition of Rs 7 lakh to his income as deemed rent of his five vacant apartments; he fights and wins case in ITAT AhmedabadThe ITAT Ahmedabad ruled in favor of a landlord, striking down a Rs 7 lakh deemed rent addition for five vacant Mumbai apartments. The trib...
- No more higher tax on vacant property as recommended in New Income Tax Bill 2025 due to suggestions by select committeeThe Lok Sabha's Select Committee identified drafting issues in Clause 21 of the Income Tax Bill 2025, concerning the annual value of reside...
- Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
- How to calculate gross annual value of house property for ITR filingA taxpayer needs to calculate gross annual value (GAV) of his/her house if it is either put on rent or there are more than two properties a...
- How to calculate deemed rental income from vacant house propertiesIf someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will apply on ...
- How to calculate income from house property for ITR filing?If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people under...
- How to calculate 'income from house property' for income tax purposesA person's gross total income chargeable to tax various heads and one of these heads of income is 'Income from House Property'.
- It won't be easy to claim 2 house properties as self-occupied for tax purposes: ViewAs per the new provision, if an assessee owns more than two houses, then he can claim the annual value of any of the two house properties a...
- Does Budget 2019 make 2nd house mandatorily 'self-occupied'? Experts differThe question now arises that whether the second house of a taxpayer will be mandatorily treated as self-occupied or can still be treated as...
- Budget 2019 proposes to abolish tax on deemed rent from 2nd vacant houseAs per the current income tax laws, notional rent is payable if one has more than one self-occupied house.
- Rented out your house? Here's how to calculate income from house property for tax purposeIf you own more than one house, then as per existing income tax laws you are required to pay tax on it. Here's how you can calculate income...
- Do you own a holiday home abroad? The I-T department may soon come rapping at your doorThe income tax department has questioned at least 12 persons in the past two months for not paying tax on the rental income that such prope...
- Claiming home loan interest tax break on rented house? Budget 2017 has bad news for youThe budget proposes to restrict the loss on house property that can be deducted from 'other heads of income' such as 'salary income' to Rs ...
- How does tax work if you have more than one property?It is important for an individual, who is planning to buy a second home, to understand the tax implications under the Income-Tax Act 1961.
- NRIs filing India tax return: Don't forget deemed rentIf a taxpayer owns more than one house, one of them will be deemed as self-occupied and the other one will be deemed to be given on rent.
- NRI's guide to renting out property in IndiaHere is a look at the various aspects involved when an NRI rents out a property in India.
- Official accommodation may soon house tax troubleLiving in a rent-free accommodation provided by your employer may not be such a good idea. If you are living in a large city in such an acc...
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