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House Property AY 2020-21

DEEPAK KADAM (61 Points)

14 August 2020

For AY 2020-21 Can two house property be claimed as self occupied on which housing loan is still on?

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5 Replies

ATUL Y (574 Points)
Replied 14 August 2020

Only one house will be considered as self-occupied while the rest of the house will be treated as deemed let-out.

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Ramya Bhat (254 Points)
Replied 14 August 2020

Yes one house property considerd as self occupied and the other one is deemed to be let out

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Smit Shah (524 Points)
Replied 14 August 2020

From f.y.2019-20 i.e a.y.2020-21 a person can claim teo house property as self occupied properry if those both properties are not let down or income have been generated from that.

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 16 August 2020

Yes, w.e.f. Assessment 2020-21, a person can claim two properties as self-occupied house properties subject to certain conditions.

Thus, from Assessment Year 2020-21 onwards only, (not in earlier years) both the houses can be treated as self-occupied properties subject to fulfilment of specified conditions.