If you own more than one self-occupied house, or a property remains vacant, income tax law may deem notional rent taxable under the head house property.
Planning points
- Choose which property to treat as self-occupied
- Compute annual value and standard deduction under Section 24
- Claim home loan interest subject to set-off limits
- Coordinate with actual rental income from let-out flats
Read rental income tax guide, home loan benefits, and ITR-2 filing.
