Income tax on vacant site

Q & A ForumCategory: Real EstateIncome tax on vacant site
Ferrero asked 8 years ago
Hi, My brother owns a vacant plot with no structure constructed on it.  I understand that for a house not occupied is considered deemed let out and Income tax has to be paid for it.  Is there similar rule for vacant plot also?  If yes how is the income calculated from it.  How to declare it during tax filing.
1 Answers
Sreekanth Staff answered 8 years ago
Hi, If you are not receiving any income from a vacant plot then there is no need to declare it in your ITR.
Ferrero replied 8 years ago

Thanks Sreekanth

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