banner_ad

Income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 October 2011 can any one help me to solve this problem Ashok has a house property situated in Delhi which consists of two units.
Unit A has 60% floor area, whereas Unit B has 40% floor area. Unit A was
self-occupied by Ashok for 8 months and w.e.f. 1-12-2008, it was let out for
Rs.12,000 p.m. Unit B was also meant for self occupation but it was also let
out w.e.f. 1-10-2008 for Rs. 9,000 p.m. The other particulars of the house
property were as under:
Rs.
Municipal taxes paid 55,000
Insurance premium 8,000
Interest on money borrowed 25,000
which unit should we take for calculation
Profile Image

CA Pabbaraju Laxmi Narasimha

Profile Image

CA Pabbaraju Laxmi Narasimha (Expert)
26 October 2011 You should take both the house property as the LET out property.

Even if u let out the Property for the part of the year it shall be taken as the let out property.

You should not take the part of the year as self occupied and another part as the let out..

The Muncipal value, Fair value, standard rent should be segregated in 60:40 ratio
and make out the calculation.


Regards.
Laxmi narasimha
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details