Abhinav has three residential house properties, all of which are self-occupied, the annual value of:

CS Executive · Tax Laws · PYQS · December 2022

(A) All the house properties shall be computed as if all these are deemed to be let out

(B) All the three house properties shall be Nil

(C) One house property shall be nil and for the other two properties, annual value shall be computed as if these are let out

(D) Two house properties shall be nil and for one house property annual value shall be computed as if it is deemed to be let out

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961