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    <title>What will be the tax implications if a person occupies more than one property for his residence? Can he treat all the properties as self occupied (SOP) and claim gross annual value (GAV) as Nil?</title>
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    <description>The SOP benefit allowing GAV nil is available for only one owner-occupied property; other residences occupied by the owner are treated as deemed to be let-out and their income is computed like let-out properties. A later change permits a taxpayer to designate two properties as self-occupied, reducing properties classified as deemed let-out.</description>
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    <pubDate>Sat, 23 Dec 2023 13:16:00 +0530</pubDate>
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      <title>What will be the tax implications if a person occupies more than one property for his residence? Can he treat all the properties as self occupied (SOP) and claim gross annual value (GAV) as Nil?</title>
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      <description>The SOP benefit allowing GAV nil is available for only one owner-occupied property; other residences occupied by the owner are treated as deemed to be let-out and their income is computed like let-out properties. A later change permits a taxpayer to designate two properties as self-occupied, reducing properties classified as deemed let-out.</description>
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