Two House Properties FY 19-20
This query is : Resolved
28 November 2020
Hi Experts,
One of my friends is having two properties. In F.Y. 19-20, he rented one house property for first 3 months @ INR 10000/- per month and then he didn't give it on rent and other property was self-occupied. I understand in this case, Net Annual Value for the rented house property would be INR 30000/- as per the latest provisions of the income tax act.
Pl. advise.
Thanking you in anticipation
Ramesh
One of my friends is having two properties. In F.Y. 19-20, he rented one house property for first 3 months @ INR 10000/- per month and then he didn't give it on rent and other property was self-occupied. I understand in this case, Net Annual Value for the rented house property would be INR 30000/- as per the latest provisions of the income tax act.
Pl. advise.
Thanking you in anticipation
Ramesh
28 November 2020
Yes, treat the second house as self occupied for part of the year.
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