Mr. R has three houses for self-occupation. What would be the tax treatment for A.Y. 2024-25 in respect of income from house property ?

CS Executive · Tax Laws · PYQS · December 2024

(A) One house, at the option of Mr. R, would be treated as self-occupied. The other two houses would be deemed to be let out

(B) Two houses, at the option of Mr. R, would be treated as self-occupied. The other house would be deemed to be let out

(C) One house, at the option of Assessing Officer, would be treated as self- occupied. The other two houses would be deemed to be let out

(D) Two houses, at the option of Assessing Officer, would be treated as self- occupied. The other house would be deemed to be let out

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act