Two house properties
This query is : Resolved
10 September 2013
sir i have a client of mine who stays in pune and has two housing loans one house in in kerala and the other one in pune where he stays, the house in kerala is occupied by his parents. now can he show that the house in kerala is self occupied and the house in pune is rented, and take tax benefits accordingly
11 September 2013
yes. when there is 2 house property, it is assesse option to declare which one is self occupies and which one is let out, so you can declare as your tax benefit
11 September 2013
Agree with the expert,
If you own more than one property, you can designate any one of these as self occupied property and pay tax on the others.
It is advisable to choose the property where you have to pay minimum municipal tax as self occupied property.
You can change the self occupied property every year.
If you own more than one property, you can designate any one of these as self occupied property and pay tax on the others.
It is advisable to choose the property where you have to pay minimum municipal tax as self occupied property.
You can change the self occupied property every year.
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
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
