Section I: Income Tax and Your House

• Ques: Only one house can be claimed as self occupied property
• Ans: Key points:
  • A house property is self occupied if you live in it, even if for part of the year.
  • For the purpose of filing the income-tax returns, there can be only one house property which you can claim as self occupied.
  • All the other properties are considered to be "let out" as per income tax guidelines.