considering income of house property
This query is : Resolved
23 March 2011
If husband & wife are having seperate houses in their own name. Both are living togather and both are filing there individual return.
If wife lets out her property, would she be given option to consider that house property as self occupied and that income is not cosidered, or it is considered her income from H.P.?
If wife lets out her property, would she be given option to consider that house property as self occupied and that income is not cosidered, or it is considered her income from H.P.?
23 March 2011
it will be her let-out property and taxable under HP Income
23 March 2011
Hi,
It will surely be taxed as Let - out property & will be taxable as Income From House Property.
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
It will surely be taxed as Let - out property & will be taxable as Income From House Property.
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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