Income from house property
This query is : Resolved
15 July 2017
Hello Sir,
If I have 5 house, one is used for residential purpose and other are on rent in first year and rental income chargeable to tax but in second year if all 4 house get vacant then is there need to show deemed income? or not? please solve this query
thanks
If I have 5 house, one is used for residential purpose and other are on rent in first year and rental income chargeable to tax but in second year if all 4 house get vacant then is there need to show deemed income? or not? please solve this query
thanks
15 July 2017
Where an assessee has occupied more than one house property for his own residential
purpose, then only one house (according to his own choice) shall be considered as Self-occupied
and all other units will be considered as ‘deemed to be let –out’
purpose, then only one house (according to his own choice) shall be considered as Self-occupied
and all other units will be considered as ‘deemed to be let –out’
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- New GST registration for new place of business.
- Regarding Applicability of Tax Audit u/s 44AB
- Salary from Qatar in Dollars in India
- CHECK RELATED
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
CCI
Pro
CAclubindia
