Income from house property
This query is : Resolved
06 April 2017
A building consisting of 6 flats/units in which one unit is self occupied and other 5 units are let out. For the purpose of selection of ITR This building will be considered one house or more than one house.This house have two joint owners mother and son.
06 April 2017
To consider as more than one house property.
06 April 2017
The owners are paying income tax on rental icome from six units regularly. Since it's a independent building at once place and main entrance is common in my opinion this should be one house for selection of ITR purpose.Please suggest if possible with relevant section.Thanks.
06 April 2017
If the unit has separate door numbers and in a situation wherein income from self occupied unit has to be declared, the property has to be considered more than one.
Conversely ,if 6 units altogether has only one door number and income from self occupied unit is zero, then the building can be considered as one building.
Conversely ,if 6 units altogether has only one door number and income from self occupied unit is zero, then the building can be considered as one building.
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