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Self Occupied House Property!

Others 185 views 1 replies
If a person treats two of his house as self occupied then would he be allowed to claim 30,000/200,000 individually for both the houses or the limit has to be seen aggregately?
Replies (1)

Though it is calculated  individually, but finally it gets aggregated for set off of loss.

Amendment introduced vide Finance Act 2017: The Loss under head House Property which is allowed to be set-off against Income from other sources is restricted to Rs. 2 Lakhs for each assessment year. The balance unabsorbed loss would be allowed to be carried forward to the next assessment year and set-off accordingly.

 


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