Can i show let-out as self-occupied and vice versa?

842 views 4 replies

Dear CA's

I have home loan on self occupied (SO) and Let out(LO)  house.

Interest I ma paying on SO property is much higher than LO property.

 

Can you declare SO proerty as LO and LO property as SO while filign the retuens?

Appreciate your valuable comments.

 

thanks

Gangadhara

Replies (4)

As per my knowledge, if the property is being actually occupied by the tenant, then you cannot show the same property as Self Occupied and vice versa.

But if your Property is Deemed to be Let Out, then you can show the same property as Self Occupied and vice versa as a part of your Tax Planning.

 

 

Regards,

Devendra Kulkarni

No u cant, if u have self occupaied property then u cant show it as unoccupied property.

How ever if u have more then one property un-occupaied & non of the property as occupied then u can selecty any one property as self occupied which if more benificial to u. 

Thanks much Devendra and Sayed for the valuable comments.

Originally posted by : Devendra

As per my knowledge, if the property is being actually occupied by the tenant, then you cannot show the same property as Self Occupied and vice versa.

But if your Property is Deemed to be Let Out, then you can show the same property as Self Occupied and vice versa as a part of your Tax Planning.

 

 

Regards,

Devendra Kulkarni


agree with devendra


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details