2 house property and Income tax return

706 views 7 replies
 Hi

I have salary income above 50 lakhs. I am having 2 self occupied residential flats in my name.

How to show both flats details in ITR-2
Thanks
Ashok Agarwal
Replies (7)
you can choose one property as self occupied and other as deemed to be let out ...
re
e benefit of self occupied property has inbeen increased from one property to two house property. This means that the income tax on notional rental income will not be taxed on the second house property. However, if you have more than two self-occupied houses, then in such cases additional houses over and above will be taxed.

Dear,
as per this my second house is also not cover as deemed to be let out
please confirm and reply

The query is for AY 2019-20 or AY 2020-21?

The amendment referred above is for AY 2020-21 & ITR for same will be released after April 2020!!

Thanks for your reply.
As per current provision 2 nd house is also not covered deemed to be let out.....
If I have more than 2 house then only ii your reply will applicable.
Please reply.

Agreed with pd23071997, the amendment will be applicable from next year. For AY 2019-20, second house property will be treated as deemed let-out.

ok

Hi,
If possession of second flat taken in last week of March -19 and loan EMI start from March itself.
How to show deemed let-out.
thanks


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