Can i show let-out as self-occupied and vice versa?

849 views 4 replies

Dear CA's

I have home loan on self occupied (SO) and Let out(LO)  house.

Interest I ma paying on SO property is much higher than LO property.

 

Can you declare SO proerty as LO and LO property as SO while filign the retuens?

Appreciate your valuable comments.

 

thanks

Gangadhara

Replies (4)

As per my knowledge, if the property is being actually occupied by the tenant, then you cannot show the same property as Self Occupied and vice versa.

But if your Property is Deemed to be Let Out, then you can show the same property as Self Occupied and vice versa as a part of your Tax Planning.

 

 

Regards,

Devendra Kulkarni

No u cant, if u have self occupaied property then u cant show it as unoccupied property.

How ever if u have more then one property un-occupaied & non of the property as occupied then u can selecty any one property as self occupied which if more benificial to u. 

Thanks much Devendra and Sayed for the valuable comments.

Originally posted by : Devendra

As per my knowledge, if the property is being actually occupied by the tenant, then you cannot show the same property as Self Occupied and vice versa.

But if your Property is Deemed to be Let Out, then you can show the same property as Self Occupied and vice versa as a part of your Tax Planning.

 

 

Regards,

Devendra Kulkarni


agree with devendra

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 29 June 2026
Article Assistant

Alvino Consultancy LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details