Income from hp
This query is : Resolved
jugal solanki
(Querist)
17 April 2012
if one house owned by co-owner( say A&B). & another house purchased by co-owner say (A&C) den will A get both houses as SOP?
CA. Sameer Kashikar
(Expert)
18 April 2012
Dear Jugal,
Only one house according to assessee’s choice is treated as self-occupied. In respect of all other houses, even though self-occupied, notional income will have to be computed (i.e. It will be treated as DLOP)
Only one house according to assessee’s choice is treated as self-occupied. In respect of all other houses, even though self-occupied, notional income will have to be computed (i.e. It will be treated as DLOP)
Message likes :
1 times
20 April 2012
To some extant I agree with the expert
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