I got 3 houses in Hyderabd from which i am not getting any
rent because In A house i occupied for my family, No.B was
occupied by My father and C was occupied by my sister.I am
putting Nil in the column mentioned for income from house
property. Is it right or wrong pl let me know
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Answer Posted / sam
It is wrong.
As per Income Tax if you are having more than 1 house, then
only 1 house will be treated as Self Ocupied Property (SOP)
& other will be treated as Deemed to be let out Property
(DLOP). So the rent (as per municipal valuation) of DLOP
will be treated as income & included in Income from HP.
| Is This Answer Correct ? | 6 Yes | 1 No |
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