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Query Details

Asked by namish on :Aug. 04, 2018

How can I plan my tax if i have more than one hou…

How can I plan my tax if i have more than one house property?

How can I plan my tax if i have more than one house property?

0

Chiranjibi Aug. 04, 2018

If you have more than one property, then only one house of your choice is treated as self occupied and all others are considered Deemed to be Let Out (if not Let Out).

You should carefully choose which house to be treated as self occupied, in order to minimize your tax liability.

Also, Interest payable on a home loan is only deductible if tax is deducted at source, so make sure that your TDS is paid on the house property.

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