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 Deemed to be let-out house property [Sec. 23(4)]

Deemed to be let-out house property [Sec.23(4)]



Where the assessee occupies more than one house property as self-occupied or has more than one unoccupied property, then for any one of them, benefit u/s 23(2) can be claimed(at the choice of the assessee) and remaining property or properties shall be treated as deemed to be let out.

Treatment

Income from such house property shall be computed considering the same as let out (see how to compute income from a let out property).

However, it should be noted that Gross Annual Value (GAV) of deemed to be let out property will be the Reasonable expected rent (RER) of the property as Actual rent will always be Zero.