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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.?

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




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