Income from let out house property AND rent paid on another

swati (chartered accountant) (21 Points)

05 July 2023  

If in the same city owned house property is let out and  another property is rented for occupation. This arrangement being done as the owned property is too small and not convenient.

Does the income earned from letting out to be shown as 'Income from House Property' or will it be considered as deemed to be self occupied.

Also will rent paid qualify for deduction under Sec 80GG