Hello Everyone,
i have a query regarding income from house property, if a person have / owned only one house property but he has let-out the property for 9 months and later on he shifted to same property, (3 months self occupied in same financial year)
my query is , the said property will be treated as let-out property only ??? and
can the property owner claim Principal Repayment benifit u/s 80C (for 3 months in which he was staying in that property).
It will be treated as partly let out for 9 months and partly self occupied for 3 months,
Disclose your rent income for 9 months which you actually got.
You can claim benifit of principal repayment of housing loan u/s 80C. type of house property wheather SOP or let out doent matter.
As I understand, such house property would be considered as let out. Rental income for the period during which the property is let out shall be considered to compute income.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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