Hi,
If you have 3 owned Houses and as per Old Tax regime you were declaring 2 as self-occupied and 1 as "Deemed Let Out", how do I need to declare the same under New tax regime?
Do I need to declare the "deemed Let out" at all under New Tax Regime?
Best Regards,
Deemed Let out: When a taxpayer owns more than two house property, the law mandates that only two (Prior to Budget 2019, it was only one property) such properties can be treated as self-occupied while the third one (irrespective of whether let out or not) will be deemed to be let out.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
