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Income from house property

This query is : Resolved 
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(Querist)
21 August 2019 Hi
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remianed vacant for the entire year. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?
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HARDAMAN SETH

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HARDAMAN SETH (Querist)
27 August 2019 Hi
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remained vacant for the entire year. The one on rent has an outstanding Home loan of Rs 56 lacs while the one vacant is free of loan. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?

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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 September 2021 It can be self occupied; but whether ITO allows HRA deduction, is questionable.
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