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Income tax from house property

Tax queries 295 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

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