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What is let out property?

myITreturn Helpdesk
  • Updated

A property that is given by the owner to the tenant for some consideration is treated as a let-out property. In case a person has more than one self-occupied property then only two properties shall be treated as self-occupied and others shall be treated as deemed to be let out property.

Let out property, occupied property, income tax return In this page we explained about the let out property and the conditions under which this will applicable

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