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Curbs on 2 self-occupied homes lifted in key tweak
Hindustan Times Gurugram
|February 02, 2025
The Union Budget 2025-26, unveiled by finance minister Nirmala Sitharaman on Saturday, has proposed to lift restrictions on claiming two properties as self-occupied (SOP), streamlining the process for taxpayers.
NEW DELHI:
In the current tax regime, the taxpayer is allowed to declare two houses as SOPs and if he has taken housing loan on both the properties, he can use the interest outgo to declare losses (maximum loss in a financial year: ₹2 lakh), and set it off against other income.
The new rules will allow the taxpayer to do this with less compliance burden or fear of unnecessary scrutiny from the IT department.
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