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Do we have to declare the rental income?- Property Hotline
Posted
November 23, 2016
Views
46
November 23, 2016
46
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1:28Now PlayingExpert: Vinay Singh, Tax and Legal Expert
Question: I bought a second apartment as an investment. Am I obliged to declare deemed rental income even if the apartment is not let out.
Answer: Yes, you will have to declare the deemed rental income. If you have bought the second home on loan than you can claim tax deduction on that loan amount.
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