Own more than one house? ITAT ruling may give you some relief.

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in the case of Venkatavarthan N. Iyengar vs. ACIT, Circle-4 Thane that in case a taxpayer owns more than one house, they can choose which house they want to categorise as self occupied in order to reduce their tax liability. As per the ruling, the notional rent from the selected house will not be taxable.

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