House Property

Yes.

One of the house property would be considered as “deemed let out” based on

Assessee’s choice & its Annual Value would be taxable under House property income,

[even if it is locked & not rented for the whole year],

this is becoz...

what is Taxable under House Property Income is not the “Rent Income”

but the “Annual Value” of the House Property.

Yes.. Agreed with Mr. Sunil Ahir.

I too agree with Mr. Sunil but would like to add one more point that you should choose the House showing lesser HP income.

Originally posted by : Sunil Ahir
	Yes. One of the house property would be considered as “deemed let out” based on Assessee’s choice & its Annual Value would be taxable under House property income, [even if it is locked & not rented for the whole year], this is becoz... what is Taxable under House Property Income is not the “Rent Income” but the “Annual Value” of the House Property.

agree

Yes... the municipal value will usually be taken and will be taxed...

choose the lowest one of the two...

Yes agree with Naveen

yes any one house should be taxable as IFHP................

Sorry!!  IFHP stands for????

Originally posted by : AJAY
	Sorry!!  IFHP stands for????

IFHP STANDS FOR INCOME FROM HOUSE PROPERTY.

Thanx for your answer.