Situation:
1. I have residential house in Delhi
2. I was having a residential house in Chandigarh till Aug 2020 (housing loan taken for this house, paid principal and interest upto Aug 2020.
3. Sold this house and purchased another in September 2020. No loan was taken.
Thus, at any point of time in FY 2020-21 I was having two residential property in different cities and are self occupied.
Now when I am filing ITR-2, and giving details of all three property, system gives option to select for 3rd property either Let out or Deemed to be let out. Not giving option as self occupied but it was as 2nd house from Sept 2020.
in conclusion
First house in Delhi for full FY,
Second house from April to Sept 2020
Third Oct to March 2021.
unable to file correct scenario. PLEASE SUGGEST WHAT TO DO AND TAKE REBATE ON 2ND HOUSE WHICH IS SOLD IN MID OF FY.
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Which house qualifies for Income for House property
Replies (2)
You have to select the house which gives you minimal income.
Sexondly income tax portal is not functioning properly, so wait till all functions started properly.
Sexondly income tax portal is not functioning properly, so wait till all functions started properly.
U say u r having 2 properties at any given point of time. then why entering details of 3 rd property.
2 residential use houses are not taxed for rents
2 residential use houses are not taxed for rents
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