Query on House Property Schedule of ITR2
I am an NRI and I have a question on the House Property Schedule of ITR2. I have two properties (flats) in India, one of which is rented-out and the other one is self-occupied (with my parents residing in it). I have already put the details of my let-out property with its rental income in the House Property (HP) Schedule of ITR2 but have a couple of questions on self-occupied property:
1) Is it also mandatory to put the details of my self-occupied property in the House Property (HP) Schedule of ITR2, even though I have zero income from it?
2) I believe a self-owned property shall always have no income generated from it and so I don’t understand in which cases is it required to put the details of the self-occupied property in the House Property Schedule of ITR2?
Asked 13 days ago in Income Tax
Thanks to all for your prompt responses with detail explanations. Really appreciated!
@ Ruchi Goel Anchal - Mam, you are only one who has advised that it is essential. Could you please explain me why do you think so? Thanks in advance.
Asked 12 days ago