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Self Occupied House Property!
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?
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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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