House property related
IQBAL SINGH (ADVOCATE) (21 Points)
29 March 2020
if one house let out and second sop than first house will be treated for tax?
IQBAL SINGH (ADVOCATE) (21 Points)
29 March 2020
bharat karsyal
(63 Points)
Replied 29 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 30 March 2020
if property is let out then YES income from such property shall be chargeable to tax under head "House Property"
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 31 March 2020
If one house is let out then rent income will be taxable. for second property, since it is self occupied, it will not be chargable for tax.
CAclubindia
