Income from house property
This query is : Resolved
HARDAMAN SETH
(Querist)
21 August 2019
Hi
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remianed vacant for the entire year. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remianed vacant for the entire year. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?
HARDAMAN SETH
(Querist)
27 August 2019
Hi
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remained vacant for the entire year. The one on rent has an outstanding Home loan of Rs 56 lacs while the one vacant is free of loan. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remained vacant for the entire year. The one on rent has an outstanding Home loan of Rs 56 lacs while the one vacant is free of loan. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?
26 September 2021
It can be self occupied; but whether ITO allows HRA deduction, is questionable.
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
CAclubindia
