hi frnds!!! a small doubt regarding calculation of taxable income in HP.. here is my question
The HUF owns a residential property which has three identical residential units. Unit 1 and Unit 2
are self occupied by the members of the HUF for residential purpose. Municipal tax paid @ Rs.
5,000 per annum for each residential unit. Unit 3 is let out for a rent of Rs. 8,000 per month. The
tenant paid the Municipal tax in respect of Unit 3 as per agreement. The Assessee realised Rs.
1,20,000 on 16.4.2009 as per court order towards arrear rent for the period from 1/1/2007 to
31/12/2008.Interest on housing loan 36000(actual paid 25000)
self occupied is meant only for one house property or one of d units in a property thats my question.. cos my sir told me that if u have one propety with so many units u can have more than one unit as a self occupied? the above question has two answers so i dono which one is rite.. pls do help n reply me.. thanku
CAclubindia
