house property calculation when rent is received for only one month during the year

if one have received rental income only for one month during the py and he is repaying a loan regarding the same property.can he claim the interest for the whole year? whether notional rent need to be shown as income?
Replies (2)

If it is second property, notional interest need to be declared. but for single property, its not required.

1. Income from house property will be chargeable to tax if the same if let out during the year. However, Income Tax provides exemption only for one residential house property and if an assessee owns more than one residential house property, it will be treated as deemed to be let out and tax will be charged on notional rent. 
2. Hence, in a nutshell, even an assessee owns two or more residential house property and all of them were self-occupied, still, the assessee has an option to choose either one of the house property as self-occupied and treat the others as deemed to be let out.
3. In your case, I am assuming the rental income is from the let out property, hence even if you have not let out the property still the notional rent will be subject to tax under IHP. 
4. From FY 2019-20, Income tax allows two houses to be treated as self-occupied if the same was not let out. 
Please correct me if the above solution has an alternative view. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details