Deemed let out property

This query is : Resolved

PRAVIN PANDHARINATH DAREKAR (Querist)
Follow

14 September 2017 Assessee have 2 property one is SOP and other is vacant during the year. how to show 2nd property for computation of income whether to show LOP as vacant or to Show DLOP.
thank you in advance.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

14 September 2017 You can choose either of the property as Self occupied and Deemed let out.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

14 September 2017 In Deemed let out property, you need to pay tax on value arrived based on Fair rent or Municipal value subject to maximum of Standard Rent, as per rent Control Act.

It is wise to consider the Value arrived as above for both properties and choose the one with high value as Self Occupied property. You can save tax

PRAVIN PANDHARINATH DAREKAR

PRAVIN PANDHARINATH DAREKAR (Querist)
Follow

14 September 2017 OK thank you for replying

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Deemed let out property

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT