Non resident self occupied property

Upto FY 2019-20, assessee was a resident in India.

A Property was let out

During FY 2020-21, assessee went abroad permanently and became non- resident for tax purposes.

The property was let out for 2 months out of the 12 months.

Can the property be shown as self occupied for tax purposes for the remaining 10 months?
Replies (4)
Quick Summary
This discussion explores the tax implications for a property owner who became a non-resident after FY 2019-20. The property was let out for two months and vacant for ten. The core question is whether the property can be treated as self-occupied for the ten months it was vacant, even though it was let out for part of the year. Experts suggest it can be deemed self-occupied after the vacancy period.

Yes it can be deemed as self occupied after vacant of property

As I understand, if a house property is let out for part of the year, it is considered as let out for the entire year.

Loss due to vacancy can be reduced to arrive at taxable income.

Thanks Poornima ji. Can you also share the text of the section you are referring to.

You may refer to section 23(3)

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