Flat in joint name income from house property
This query is : Resolved
25 February 2014
Hi
In case House Property in Joint Name , property has not been let out during the previous year .
1st joint holder has one HP ,which he has been used for residential use .
IInd Joint holder no other property ,he / she has declared II nd Property to Self occupied house.
How to compute income from HP for 1st Holder to second house.
In case House Property in Joint Name , property has not been let out during the previous year .
1st joint holder has one HP ,which he has been used for residential use .
IInd Joint holder no other property ,he / she has declared II nd Property to Self occupied house.
How to compute income from HP for 1st Holder to second house.
25 February 2014
The first holder has to show income form house property deemed to be let out.
Compute the total deemed income of the 2nd property.
Show income in proportion to the share of the first holder.
Compute the total deemed income of the 2nd property.
Show income in proportion to the share of the first holder.
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