30 March 2023
I have joint ownership in a property with my wife already. How many self-occupied property we both own individually currently? Case-0: Husband: Wife: We are planning another property in same city. As 2 self-occupied properties are allowed. How many self-occupied properties we will own per owner if: 1. We buy next property also in joint ownership between me and my wife Case-1: Husband: Wife:
2. We buy next property with wife and our HUF as joint owner Case-2: Husband: Wife: HUF:
30 March 2023
Though it needs to be checked based on investment/shares in each property; but prima facia, in both cases it will be second property for both of you, and for HUF first property in second option.
CAclubindia
