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Leased house.

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Accounts Assistant
56 Points Joined September 2015
Hello,

A person has 2 houses. one is rented and another leased out.

1st house can show under rental income. 2nd house should we show in deemed let out or not required to show?

Please resolve...
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On 07 June 2021 at 11:41 Report
Replies (8)
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Tax Consultant & Practitioner
6195 Points Joined August 2017

2nd house can shown as deemed let out

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On 07 June 2021 at 13:12
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Chartered Accountant
24588 Points Joined November 2019
2nd house should be shown as deemed let out
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On 07 June 2021 at 14:31
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tax consultant
3306 Points Joined October 2018
Show both houses as let out
1 Reply
On 07 June 2021 at 14:59
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Accounts Assistant
56 Points Joined September 2015
Thank you all...
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On 07 June 2021 at 15:12
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tax consultant
3306 Points Joined October 2018
Welcome pradeep
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On 07 June 2021 at 15:31
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Learner
2398 Points Joined May 2019
As you are saying second one also leased out, you have to show both under HP head.

what is your intention in saying let out and leased out.??
1 Reply
On 07 June 2021 at 17:45
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2742 Points Joined October 2018
You need should both as let Out, there no concept of deemed let out , if the property is not vacant.
Deemed to be let out considered only when if you have two property and both are vacant then one is considered as SOP and another one as deemed to be let out.
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On 07 June 2021 at 19:07
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tax consultant
3306 Points Joined October 2018
No
as per amendment one can claim 2 houses as SOP
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On 07 June 2021 at 21:04

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