Mr A owns two houses H1 and H2 (both within Municipal limits).
H1 is rented out ONLY FOR A PART OF THE YEAR .The rental income is offered for tax as Inc from HP
The value for Income Tax which would be attachable to H1 (even for a part of the year when the property was not rented) is greater than the value attachable to H2 for the whole year
For IT purposes:
a. Can Mr A treat H1 (the rented house) as Self Occupied (even though it is not rented for a part of the year) as there does not appear be any restriction in the selection of Self Occupied.
That is to say can an assessee claim a property as self occupied even though it is actually rented for the part of the year
b. Can he change his election of SO property from year to year?
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