House Property is divided into following parts: -
- Let out- House Property that is given out on rent.
- Self-Occupied- House Property owned by the taxpayer, in which he/she stays.
- Deemed to be let out- If a taxpayer owns more than one house property, only one property is considered as self-occupied and the other property is considered as Deemed to let out.
Are you tax prepared? We’re here to help.