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Rental income

Abhishek Selvam O   15 August 2020

Abhishek Selvam O

 12 likes  306 points

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I own 3 house each house as 2 floors so I live in a floor and rest all I will recieve rental income for calculating nav can it be zero for first 1 house though I recieve income in 1 house which I stay too.Is it on floor basis or house basis


SANJAY RAJAK   15 August 2020


 2 likes  18 points

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Please read income from House property and sec 24


Raj C Doshi (Practising CA)     15 August 2020

Raj C Doshi
Practising CA 
 282 likes  4009 points

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You can show 2 houses as partly let out and party self occupied... and for remaining 1 house - show 1 floor as let out and other floor as deemed let out.

Show higher rent flats as self occupied.

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