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’
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