Deemed let-out property: amendment permits an extra self-occupied house exclusion, rest are treated as let for annual value.
Amendment to Section 23 permits an assessee to specify two houses as self-occupied for which the self-occupied treatment applies; all other houses must have their annual value determined as if let, i.e., treated as deemed let out. The Budget rationale cites relief for taxpayers maintaining families at multiple locations by exempting notional rent on a second self-occupied house. (AI Summary)