Rental income consideration for tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2014 I have two flats ,one is in a city other than my workplace at present rented and other is in the city where i am posted and living in that flat with company self lease scheme (My own house rented to me by company and i am getting monthly lease amount through company). My query is as follows

1. In two houses which one i can choose as self occupied as the house which is self occupied is also self leased and shall come in rented category .Is there any option for choosing any one as self occupied .

2. If there is any option for choosing any one as self occupied then can i choose the house which is self leased as self occupied as the same has more rental value and shall be beneficial in Income tax calculation.

3.In case of both flats i have taken home loan and shall consider the interest part of home loan for house loss calculation.

4.What is the case if the house in the other city is vacant

Rupesh Jain

Rupesh Jain (Expert)
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21 April 2014 you have both house
and both are rented .
you cannot use house as self occupied house due to company give you house. and company make this house rent agreement with you and also deduct the TDS.

you can not show this house as self occupied house.
another house is also rent and its in another city from your work place.

then you cannot use it as self occupied house.

so you have cannot show as self occupied house.

both are taxable under income from house property.