Self occupied house
This query is : Resolved
26 December 2011
What is the Definition of Self-Occupied House as per Income Tax Act and the related section containing the definition.
Can a person, who is living in a Flat provided by his Employer, claim the deduction of Capital(under Sec 80 C) and Interest paid (Under Sec 24) for repayment of the house loan, the said house being situated in the same city, although he is not living in it but has not let it out also for the whole or part of the year.
Can a person, who is living in a Flat provided by his Employer, claim the deduction of Capital(under Sec 80 C) and Interest paid (Under Sec 24) for repayment of the house loan, the said house being situated in the same city, although he is not living in it but has not let it out also for the whole or part of the year.
28 December 2011
There is no separate definition given for self occupied property, the house which is using by the owner for the purpose of residential purpose can be called as self occupied property
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