House property

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34 Points Joined February 2018
Suppose if I Own two house properties and if I have given both the house properties on rent then do i have to pay tax on both house properties?
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On 08 June 2019 at 14:19 Report
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Practising CA
8944 Points Joined December 2013
Yes. you have to pay on tax both properties
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On 08 June 2019 at 14:54
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625 Points Joined May 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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On 08 June 2019 at 15:42
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Student
190 Points Joined August 2018
YES but now as per finance act2019 if you occupy up to two houses than GAV of both house shall be taken as nil..
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On 08 June 2019 at 19:20
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student
315 Points Joined January 2018

GAV of rented house property cannot be zero; nor its deemed rental. Both properties are actually rented, and hence rental income of both the properties must be offered to tax.

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On 08 June 2019 at 19:44
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Chartered Accountant
86505 Points Joined April 2011
Yes you have to as exemption is only for one self occupied house.
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On 09 June 2019 at 07:43


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