TMI BlogINCOME FROM HOUSE PROPERTY - Deemed to be let out propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... INCOME FROM HOUSE PROPERTY - Deemed to be let out property - By: - MUKESH KUMAR - Income Tax - Dated:- 3-4-2020 - - Section 23 BEFORE AMENDMENT Where the property referred to in sub-section (2) consists of more than one house- (a) the provisions of that sub-section shall apply only in respect of one of such houses, which the assessee may, at his option, specify in this behalf; (b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) the annual value of the house or houses, other than the house in respect of which the assessee has exercised an option under clause (a), shall be determined under sub-section (1) as if such house or houses had been let. NEW AMEDMENT Where the property referred to in sub-section (2) consists of more than TWO HOUSES- (a) the provisions of that sub-section shall apply only in respect of TW ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... O of such houses, which the assessee may, at his option, specify (b) the annual value of the house or houses, other than the houses in respect of which the assessee has exercised an option under clause (a), shall be determined under sub-section (1) as if such house or houses had been let. During the Budget Speech, the Finance Minister said that 'considering the difficulty of the middle c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lass having to maintain families at two locations on account of their job, children's education, care of parents, etc., I am proposing to exempt levy of income-tax on notional rent on a second self-occupied house'. used id :- mukeshjmt Email id :- Kumarmukeshbrn@gmail.com - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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