My Client have two properties, both were vacant in f.y. 2019-20. Shall I treat both of them as Self Occupied properties?
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House Property
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Quick Summary
Yes, that would be the best option to do so, but if both properties are vacant then where does he lives?
Where a person holds two house property and both are not actually let out for the whole or part of the year, then both the properties can be treated as self-occupied and gross annual value shall be taken to be NIL as per Section 23 of the Income Tax Act, 1961
He is working in Mumbai Port Trust. Company provided him accommodation.
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