Where an assessee has a residential house (kept for self-occupation) and it cannot actually be occupied by the owner owing to his employment, business or profession carried on at any other place and hence he has to reside at that place in a building not belonging to him, such house shall be termed as unoccupied property.

Tax Treatment: Same as self occupied property.

Notes

a) An assessee cannot claim benefit u/s23(2)(a) as well as 23(2)(b) in the same previous year.

b) An assessee can claim benefit u/s 23(2)(b) even though he has other house properties.