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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?

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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. 

 

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