A has 2 properties financed by taking home loan and both are vacant during the year. Can he treat both of them as on deemed rent or is he compulsorily to choose one as self occupied? Will it make any difference if one property is actually rented and second, being vacant, can he choose it as deemed rent and not as self occupied?
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Income from house property
Naveen Kumar Jain (Chartered Accountant) (640 Points)
02 September 2015