house property Income
This query is : Resolved
Amit Palsule
(Querist)
26 August 2008
Section 23(4) speaks of notional rent / deemed to be let out property. i already own a house property say at Flat no. A and the after 3 year i purchase adjuscant property at Flat no. B and at the same time i join the two flats due to my require ment. Now there are no two residential units. its only one unit.
so do i still need to offer one as deemed to be let out...
so do i still need to offer one as deemed to be let out...
26 August 2008
No, the two units joined to make a larger unit for self occupancy will not be subjected for notional rent and will be treated as a single unit in self occupation.
Late CA Sampat Jain
(Expert)
26 August 2008
no
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