25 June 2013
I have one house in Pune where my mother is staying currently and one more house in Bangalore which is occupied by me as I am working in Bangalore. I have considered Bangalore house as self-occupied and claimed interest expense up to Rs 150000 and considered Pune Property as deemed let out property. I don’t have any Interest against pune property but have to considered deemed rent. My query is whether I can claim rent as Nil against this Pune property as mother is actually staying there. Please advise.
25 June 2013
Yes. you have the option for claim the pune house as Nil Net annual value
As per sec.23 of income tax act. incase a house property is not occupied by the assessee due to employment or business purpose, such property annual value can be considered as Nil
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