Wealth tax

Dfear Sachin,

As per my knwledge, if any HP let out for less then 300 day, it is not considered as asset for WT and hece not WT.

any residential property that has been let out for a minimum period of 300 days in the previous year

Thansk
Harish.

you can exemption of any one RHP as per your choice u/s 5(vi).

Suppose you claim exemption of SOP-R then property which is lying vacant shall be taxable.

https://taxbykk.blogspot.com/

Sir I want to know that whether for husband and wife can we treat different house property for the purpose of taking benefit of Self Occupied Property

yes if they are co-owner, both husband and wife can claim exemption for each property.