banner_ad

Taxation of income from deemed let out property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 February 2014 can anyone tell me legislative intention behind charging of tax on income from deemed let out property
Profile Image

Anand Eriwal

Profile Image

Anand Eriwal (Expert)
12 February 2014 There is a chance of claiming Loss in Self occupied properties... and hence the legislators... did not want assesses to claim huge loss in their various SOP properties.. and hence only one property considered as SOP others.... as deemed to be let out property...so that more loss cannot be claimed.... this is my view....
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
12 February 2014 Legislative intention is to curb the tax evasion. A person can easily escape from the tax net if the provisions of deemed let out property are not there in the statute. A let out property can be said as used for personal purpose.

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
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details