Can an individual claim a self occupied property when his HUF claims self occcupied property(another property)?
Padmavathi (Articled Assistant) (97 Points)
30 October 2015Can an individual claim a self occupied property when his HUF claims self occcupied property(another property)?
Miss Rinkal
(Student)
(1304 Points)
Replied 30 October 2015
Yes both are assessed as separate legal entity in income tax. I.e karta and individual can have 2 separate sop.
Miss Rinkal
(Student)
(1304 Points)
Replied 30 October 2015
Needless to say, it should not be a case of clubbing of income. I.e individual should not have trfd the house purchased by him to huf. The property needs to be an ancestral property or purchased by huf.
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