House property

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?

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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.

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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

Eklavya Kumar (4 Points)
Replied 08 June 2019

How can i avoid paying IT For Earnings Above 5lakh

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