More than One Property Self Occupied

ONE PROPERTY DEEMED SELF OCCUPIED

+

ALL OTHER PROPERTIES DEEMED LET OUT

Only one property can be deeded to be Self Occupied and its

NAV   = 0.

+

Maximum interest  deduction   = 30000/200000

For other property , NAV is not zero as it is deemed let-out

Its NAV is calculated taking fair Rent and municipal value .

Interest deduction is also allowed without limit .

Note:-

Any one of the two house can be taken as self occupied by the assessee

(Whichever is most beneficial is to be chosen)

Example 1

Since person owns two houses which are self occupied,we can take either of them as Self Occupied

Option 1 :-   House 1 deemed to be self occupied ,House 2 deemed let out

  Option 2 :-   House 1 deemed to be Letout ,House 2 Self Occupied

Which Option to be chosen