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YouTubeMBTV by Magicbricks
Can Empty Homes Be Taxed? Income Tax Rule Explained
Do you own more than one home? Can the Income Tax Department tax a property that is lying vacant and earning no rent? In this video, we break down a recent case where a homeowner with five vacant flats received a tax demand based on notional rental income. The matter eventually reached the ITAT, which provided relief to the homeowner. But does ...
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