My colleague has two houses. Both are on rent. Can one of them be treated as SOP? What will be the treatment of the income from that house which is considered as SOP?
3 Replies
Rajesh Kumar Loya
(student)
(177 Points)
Replied 17 September 2013
Dear Prith,
There is no concept of treating let out house as SOP. When there are two SOP, one house will be treated as deemed let out.
naseef
(CA Final, ICWAI Final)
(37 Points)
Replied 17 September 2013
u can't be treated as self occupied property because this two properties are let out property.
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