I am a retired senior citizen.
Earlier I was staying in self owned flat in Delhi.
Since last few years I have shifted to Gurgaon and I am staying in self owned house.
I have no housing loan liability.
My Delhi flat is lying vacant since I shifted to Gurgaon.
Till now I have been considering Delhi flat as 'self occupied', and Gurgaon house as ' deemed let out', and have been paying Income Tax on deemed rental income.
In the interim budget presented in Feb 2019, relaxation has been given to consider second unoccupied/ vacant flat as 2nd self occupied house i.e. there would be no tax burden (under 'Deemed let out' category).
Is this relaxation applicable in my case as detailed above ?
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Second house self occupied
Replies (2)
Quick Summary
Yes if u r not getting rent then you can take the relaxation.
Thanks for your reply.
In my case I have a doubt that Section 23 conditions are not being fulfilled.
As I am a retired person, there is no issue of employment/profession etc as mentioned in section 23.
May please confirm that section 23 conditions are not applicable in my case.
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