rohith
asked almost 3 years ago
Hi Can I know, How to compute income from a property which is self-occupied for part of the year and let out for part of the year?
veeru
answered over 2 years ago
At times a property may be let-out for some time during the year and is self-occupied for the remaining period (i.e., let-out as well as self occupied during the year). For the purpose of computation of income chargeable to tax under the head "Income from house property", such a property will be treated as let-out throughout the year and income will be computed accordingly.
ARJUN PRATAP SINGH
answered almost 3 years ago
Dear Friend, as far as your query is concerned that How to compute income from a property which is self-occupied for part of the year and let out for part of the year? Let me informed that At times a property may be let-out for some time during the year and is self-occupied for the remaining period (i.e., let-out as well as self occupied during the year). For the purpose of computation of income chargeable to tax under the head "Income from house property", such a property will be treated as let-out throughout the year and income will be computed accordingly. However, while computing the taxable income in case of such a property, actual rent will be considered only for the let-out period. Hope answer was helpful to you Regards, Arjun Pratap Singh
