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Exemption in respect of self occupied property

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(Querist)
15 May 2009 Mr. A, B, C and D, four brothers, being a co-owner of a house property A and four of them having equal share in that property. Further, Mr. A and B being a co-owner of another house property B and both of them having a equal share in property B. In what manner or how, benefit of exemption in respect of self occupied property be availed
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 May 2009 First property can be taken as self occupied by A,B,C & D if they are occupying it. If so considered, the second property will become deemed to be let out by A & B.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 May 2009 Also, A & B have option to chose amonrg properties i.e any one as self-occupied and any one as deemed to be let out.
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