Income tax on multiple property

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This discussion explores the complexities of declaring multiple properties for income tax purposes. The user is asking if they can declare a let-out property as self-occupied to claim full home loan interest deductions, and if they can declare two properties as self-occupied. Other users advise caution, suggesting that such declarations might raise red flags with the tax authorities and could lead to demands for proof like rent agreements.

venkatesh

venkatesh (Querist)
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11 July 2024 Sir following are the details of properties I have:
1st flat - Let out through out the year - Im the sole owner
2nd flat - Let out through out the year - Joint ownership with wife
3rd flat - On Home loan with EMI of 50k - self occupied - joint ownership with wife.
My parents stay in their own house

Till last ITR, i showed the facts in IT returns and this year can I show in the following way in IT returns: -

1st and 2nd as self occupied and 3rd as letout as I can claim full interest paid on home loan as deduction?

Please guide