News From Press Did you know: for tax purposes, when is a house considered to be let out?

Did you know: for tax purposes, when is a house considered to be let out?

Source: Mint Sep 22, 2016

According to income tax rules, if you own more than one residential property, only one of those can be considered to be self-occupied. The others should either be let out or, even if they are not actually rented out, they will be deemed to be properties that have been let out.

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