Exemption in respect of self occupied property
This query is : Resolved
15 May 2009
Mr. A, B, C and D, four brothers, being a co-owner of a house property A and four of them having equal share in that property. Further, Mr. A and B being a co-owner of another house property B and both of them having a equal share in property B. In what manner or how, benefit of exemption in respect of self occupied property be availed
15 May 2009
First property can be taken as self occupied by A,B,C & D if they are occupying it. If so considered, the second property will become deemed to be let out by A & B.
15 May 2009
Also, A & B have option to chose amonrg properties i.e any one as self-occupied and any one as deemed to be let out.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
