Law and Procedure an e-book | ||
Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Income from house property This |
||
Income Tax - Frequently Asked Questions (FAQs) |
||
FAQs on Income from house property |
||
|
||
How to compute income from a property which is self-occupied for part of the year and let out for part of the year? |
||
Ans. At times a property may be let-out for some time during the year and is self-occupied for the remaining period (i.e., let-out as well as self occupied during the year). For the purpose of computation of income chargeable to tax under the head "Income from house property", such a property will be treated as let-out throughout the year and income will be computed accordingly. However, while computing the taxable income in case of such a property, actual rent will be considered only for the let-out period. |
||