banner_ad

Income tax from house property

Tax queries 302 views 1 replies

I have only one house as on date, which is in my possession & there are other two flats, which are under construction properties. The said Flat has been given on company lease & I am receiving the lease amount in my bank account after deduction of TDS @ 10%.


My query is that “Since one property I can keep as self- occupied” so is it necessary to declare the above property as wholly let out or can I declare this as self- occupied property to save the income tax on this?

Replies (1)

Hii Rajesh,

The property which you have actually let out cannot be considered as self occupied. You have to declare the rental income received from such flat as on date.

 

Regards


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details