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income from house property

Tax queries 619 views 3 replies

helo!

where an assessee has more than one house property and one is let out and the other could not be occupied then the value of that unoccupied HP is taken as NIl u/s 23(2)(b). However,

is there any criteria regarding the purpose of non occupation of such house other than for want of business, profession or employment as referred to in the above section?

does the property where the assessee resides at his place of employment, business or profession needs to be a place other thn his owm or his of relatives?

Replies (3)

I dnt think so there's any such criteria for PURPOSE atleast....

 

 

But, i'm not sure too, let others join and comment on same

i don't thinks property need  to be yours as concept of deemed owner shall apply

Sorry, saw ur 2nd Q rite now....

 

Its not necessary that assessee should reside in his own property only, he can reside on rental basis as well (though he's given any of his own property on rent)...


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