I own two houses. One is a farmhouse that I visit on weekends and the other is in the city that I use on weekdays. Is it correct to treat both these residences as self occupied?
FAQs on Income from house property
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Self-occupied house property: two residences may be treated as self-occupied from assessment year 2020-21 subject to conditions. Tax law historically permits only one property to be treated as self-occupied, with additional houses treated as deemed to be let-out. From Assessment ... Summary
Self-occupied house property: two residences may be treated as self-occupied from assessment year 2020-21 subject to conditions.
Tax law historically permits only one property to be treated as self-occupied, with additional houses treated as deemed to be let-out. From Assessment Year 2020-21, a person may classify two properties as self-occupied, provided specified eligibility conditions and compliance requirements are satisfied for both properties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
