Sunil Ahmad (Student) 18 November 2017
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 (1/7/2017-31/12/2017)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(1/7/2017-31/12/2017).
#Explain me about tax treatment????
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CA PRADEEP C B (CA in Practice) 18 November 2017
Both houses treated as let out but one of those house can be opted as self occupied. It is better to opt the house, which have more net annual value, which will limit your tax liability.