Add Foreign House Property Income

Add Foreign House Property Income

If you own property abroad that earns rental income, this income must be reported as foreign source income when filing your Income Tax Return (ITR).

Steps to Add Foreign House Property Income Manually

  1. Navigate to File > Incomes > House Property
  2. Select Add Manually
  3. Choose the Property Type:
    • Self-Occupied Property: Property you reside in
    • Let-Out Property: Property rented out to tenants
    • Deemed Let-Out Property: Property left vacant for the entire year

Note: Only two properties can be declared as self-occupied. Additional properties are considered deemed let-out.

Details to Enter for Each Property Type

For Jointly Owned Properties: Report your share of rental income and deductions such as property tax and interest paid.

Self-Occupied Property:

  1. Enter the full property address, including the foreign country
  1. Enter interest paid on any home loan
  2. Add co-owner details if applicable (name, PAN, ownership percentage)

Let-Out or Deemed Let-Out Property:

  1. Enter the full property address, including the foreign country
  2. Enter rental income or notional rent (for deemed let-out properties)
  3. Include deductible expenses like home loan interest and municipal taxes
  4. Provide tenant details (name and PAN)
  5. Add co-owner details if applicable

Note: A standard deduction of 30% will automatically apply to house property income.

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