house property query

This query is : Resolved

Vijay Parmar (Querist)
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12 June 2010 hello sir

my client have 4 residence house in ahmedabad. as per the act i have consider only one house for self occupied. 2 house is taken on loan. so what should i do ? only one consider for self occupied ? and other house can i consider as a deemed let out??? plz reply earlier.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 June 2010 Since 4 houses are residence purpose Assessee having right to choose the house which is self occupied and deemed to letout. my sugeestion is compare the Housing interest on the houses For SOP Maximum Interest is Rs.1.5.Lakhs allowed and LOP is actual. so please select the house for SOP & DLOP based on interest for tax planning