Query- income from house property

Aditya Sinha (CA Final, B.Com(H)) (117 Points)

26 July 2013

Hello,

Please answer the following 2 queries regarding Declaration of Income from House Property-

1. If a person having Income only from Salaries and owns only 1 House Property, does he need to show any income

from such House Property in his ITR.??

2. If a person owns more than 1 House Property but None of them is Let Out, Does he need to show any income

from such House Properties in his ITR.??

Thanks..!!

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2 Replies

sanjay singhal (CA) (987 Points)
Replied 26 July 2013

If assessee owns single house. it may be treated as Self occupied house property.

if assessee owns two house. One may be treated as self occupied and second may treated as let out property.

He needs to show income from second house . Reasonable expected rent of property will be his gross rental income as per section 23.

Aditya Sinha (CA Final, B.Com(H)) (117 Points)
Replied 26 July 2013

Thank uu for the reply..

But if the person has 2 house properties and 'None of them is actually let out'

then would one of the house properties still be considered as let out ?? and its expected rent be added to

the GTI of the person..??

Thanks..!!

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