06 July 2016
Hello, my question is regarding Income from House property. Suppose i stay in Thane, where i have 2 properties say A & B. Property A is self occupied & B is deemed to be let out property. I have loans on both houses (A&B). For Tax purposes it is more beneficial for me to show as Property A Deemed to be let out and Property B being Self occupied. Can i show it such a way to get tax benefits?
Current Status: Both Properties in Thane Property A: Self occupied Property B ; Deemed to be let out
For Income tax purpose: More beneficial Property A: Deemed to be let out Property B: Self Occupied
Can i adopt the second method which would be more beneficial to me???
CAclubindia
