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2 house property and Income tax return

10 June 2019

Hi

I have salary income above 50 lakhs. I am having 2 self occupied residential flats in my name.

How to show both flats details in ITR-2
Thanks
Ashok Agarwal

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7 Replies

ISHA GOYAL (10 Points)
Replied 10 June 2019

you can choose one property as self occupied and other as deemed to be let out ...

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Ashok Agarwal (51 Points)
Replied 10 June 2019

re
e benefit of self occupied property has inbeen increased from one property to two house property. This means that the income tax on notional rental income will not be taxed on the second house property. However, if you have more than two self-occupied houses, then in such cases additional houses over and above will be taxed.

Dear,
as per this my second house is also not cover as deemed to be let out
please confirm and reply

pd23071997 (None) (388 Points)
Replied 10 June 2019

The query is for AY 2019-20 or AY 2020-21?

The amendment referred above is for AY 2020-21 & ITR for same will be released after April 2020!!

Ashok Agarwal (51 Points)
Replied 10 June 2019

Thanks for your reply.
As per current provision 2 nd house is also not covered deemed to be let out.....
If I have more than 2 house then only ii your reply will applicable.
Please reply.