House property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2013 if the assessee has one self occupied property and his parents are living in another self occupied property so will both house property will be treated as self occupied in the hands of assessee?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 September 2013 No. only one self occupied house can be claimed under house property

CA Pallav Singhania

CA Pallav Singhania (Expert)
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11 September 2013 Agree with expert,

Another house will be treated as let house,
Only one house will be treated as self occupied.

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amit.kulkarni

amit.kulkarni (Expert)
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12 September 2013 Yes. Any one house can be taken as self occupied. The choice is left to assessee. The other house will be assumed as "deemed let out property"