Tax Exemption on Self Occupied 2 Houses

I currently have a Self Occupied House in the city in which I reside as well as rented a small portion of it.

I am planning to buy a House in a town and my sister is planning to move to this house after the purchase is done.  I am not planning to rent it out as my sister is going to stay in this house completely.

How should I show in my ITR (both as Self Occupied) and whether any Tax to be shown as "Rental Income" in  the new house even though it is going to be occupied by my sister and no rent is expected?  Please clarify.

 

 

Replies (4)
Quick Summary
This discussion explores the tax implications of owning two self-occupied houses. The user wants to know how to declare both properties in their Income Tax Return (ITR) and whether any rental income needs to be declared for the second house, even though their sister will reside there without paying rent. The core question is about potential tax liabilities when a second property is occupied by a family member rather than being rented out commercially.

Rental income to be shown
Show both houses as self occupied.
If both houses are self occupied totally unsound mind
@ sabyasachi mukherjee why you reply on every post with unsound mind.

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