House property
Glendon Dsilva (34 Points)
08 June 2019
Suppose if I Own two house properties and if I give both the house properties on rent then do I have to pay tax?
3 Replies
Kartik Jain
(student)
(224 Points)
Replied 08 June 2019
Yes, you have to pay tax over rental income earned on both the properties, u/s. 24 of IT act; where you can get 30% standard deduction.
Shriti Goyal
(625 Points)
Replied 08 June 2019
yes u have to pay tax on both.. however you can claim one house as self-occupied, but need to pay notional rent on the second
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