25 October 2017
A owns a house which is self occupied. He has another house jointly owned with his wife (50% share each). The house is unoccupied and not given on rent. This house is shown in his wife's return as self occupied as there is no other property in her name. How A will show the second house in his return - as deemed let out ( 50% of deemed rental value)? Or he need not show the house in his return, deeming it to be fully (100%) beneficially owned by his wife, who also has independent income?
CAclubindia
