Two houses: can show any as self occupied?

Tax on House property is levied only when a person is owner of the house. If U r owner of that flat, tax will be levied, However if U have 2 House properties, u can't claim both as self occupied. One H.P. will be deemed to be let out..and its your choice which house u want to claim as self occupied..

Agreed with above.

Dear Friend,

House in which u r staying ( House with Loan )  take it as self occupied property. u will get deduction of principal amount u/s 80C & deduction of interest paid on loan under house property. Loan Free House Considered as deemed let out property.

thanks

Originally posted by : Prakshal M. Shah
	Dear Friend, House in which u r staying ( House with Loan )  take it as self occupied property. u will get deduction of principal amount u/s 80C & deduction of interest paid on loan under house property. Loan Free House Considered as deemed let out property.   thanks

i agree but not sure......

 

fully agree with Prakash...consider that house which is benificial for you...

According to me, u should check both options and then only decide which option would be beneficial.. U can consult ur CA for this...

House in which u r staying ( House with Loan )  take it as self occupied property. u will get deduction of principal amount u/s 80C & deduction of interest paid on loan under section 24(b) under house property. Loan Free House Considere

Hello

You show only one house as self occupied and get interest rebate in sec. 80C and you may option to choose show loss on house property up to Rs.150000/-.

Yes, I think you can.

i want to confirm from my friend. if second house is not  rented out achully no consumption of water and electricity. 

then also we can choose it as self occupied.

But how can the proof generated as you have let out the property in which you are staying? More over if more than one house properties are self occupied or unoccupied, then you can avail an option.... and not in the case where one is self-occupied and other is let-out.