What will be the tax implications if I occupy more than one property for my residence? Can I treat all these properties as self-occupied and compute income from them at NIL or Zero?

February 05, 2024 10:21

If the individual has owned multiple self-occupied residences, any two of his/her choice can be considered to be self-occupied, and the others will be regarded and taxed as deemed to be rental properties.

The taxpayer may only designate GAV as "Nil" with respect to two dwellings that he would regard as Self Occupied Properties (any 2 house of his choice). Other properties will be considered to be rented out, and their income will be computed in accordance with that.

Related to