Hi Can I know, โHow to compute income from a property which is self-occupied for part of the year and let out for part of the year?
0
0
Answer Now
Comment
Report
2
Answers
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.
Important Note โ Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures โ online & in Pen Drive/ DVD โ at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below โ
For any questions Request A Call Back
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.
โHowever, 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