Respected Sir,
Owner have two residential houses in same city but in the same city he is staying in other rented house due to some reason. He has also rented out his both the houses. Owner is salaried person.
1]Do he need to declare rental income of his own both the houses in ITR? Or only one can be shown?
2]Which ITR form he should use?
3]Can he get the benefit of the rent he is paying in ITR?
Please advice.
all benifits cannot be taken , if u want to declare one as self occupied then rent benifit cannot be taken if rented in same city. if you can prove that your house is far away from your work place in same city thats why u rented other house for stay then can claim HRA but for other 2 houses then you have to declare rental income in ITR, 2 houses use ITR2A.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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