Income from House Property

no both should not be considered as self occupied... as it is let out during the previous year both should be cosidered as let out property only there is no case of selfoccupied in this case...

a similar question is given in the RTP of november pcc exams... check it out...answers are also given there

benefit of self property u/s23(2)(a) is availeble only if assesse doesn't let out the even for one day if assesse let out the self property even for one day then benifit u/s23(2)(a) is withdrawn and gross annual value of property is taxed D.L.O.

here both r let out so,  gross annual value of these property will be taxed D.L.O.

Luk

As per the Income Tax Act u can consider any one property as self occupied. Its upto ur discretion that whether u consider the property with higher income as SOP or not... But rationally u should consider the property with higher income as SOP...

poonam i am afraid u r wrong i think... as per section 23 of IT ACT a property is a let out property if it was kept ready for let out during anyday of the previous year

i agree with achuthanand. if a self occupied property is let out even for a singly day, it is considered to be let our for the whole year.

ya not a single property is considered to be self occupied

it is only whn property is not let out for a single day

thn high income property is considered to be self occupied

Both house to be taken as Let out property..................................

As the both the property are let out for part of the year, both the house should  be treated as let out property and that is already replied.

But, if both the property are not let out and both are used for self occupied or occupied only in one of the houses, then at the option of the assesee, any one of the houses should be treated as self occupied and other house as letout. That means, the assessee can declare smaller house with lesser rental value as deemed to be let out and bigger house may be treated as self occupied.

ya poonam sorry to say bt u r wrong....

as per law both shud be considered as let out

as even if u let out house prprty wich is self occupied ,for even 1 day

that will considered as let out

for claiming a house property as self occupied there are two conditions:

1. it should be self occupied or could not be self occupied due to employment or business in other place. and the house is not let out for any part of year.

2. there is no other benefit taken from the house.

So you can not treate any house as self occupied.