Scenario -1 : Person A has his own house which he shows as his self occupied house in his ITR file. If person A buy a second home for his father jointly where his father pays 70% and he pays rest 30 % ( Property is in joint name with his father ) .
What will be tax implecation of his IT Return for second house.
Scenario -2 : Person A has his own house which he shows as his self occupied house in his ITR file. If A buy a second home for his wife ( Property is in joint name with his wife ) . His wife earns from her income FDs and shows this income in her income tax return
What will be tax implecation of 1. person A - IT Return for second house and 2. Wife .in her IT Return.
