Professional
401 Points
Joined October 2012
Till FY 2018-19 if you don't have SELF Occupied house property you can claim Deduction U/S 24 (A vacant house property is considered as self-occupied for the purpose of Income Tax).
if more than one self-occupied house property is owned by the taxpayer, only one is considered and treated as a self-occupied property and the remaining are assumed to be let out.
For the FY 2019-20 and onwards, the benefit of considering the houses as self-occupied has been extended to 2 houses. Now, a homeowner can claim his 2 properties as self-occupied and remaining house as let out for Income tax purposes