I had two houses A&B. *self occupied in A for first half year(1/1/2017 -30/6/2017) and for second half year (1/7/2017-31/12/2018)house A was given for let out. *House B for the first half year (1/1/2017-30/6/2017) given for let out. self occupied in B for second half year(1/7/2017-31/12/2018). #Explain me about tax treatment????
The period of Jan to June should be separated FY. wise. .first. . one of the house is to be selected for letout purpose and tax is arrived for. The other house is deemed to be self occupied. Total max exemption of 2lacs each. under sec 24 and Sec 71(3a) allowed.