House property refers to any building or land attached to a building that you own. It can be:

• A residential home
• A commercial space like an office or shop
• Any other constructed structure

For tax purposes, properties are categorized into:

• Self-Occupied Property (SOP):

  A property you or your family lives in. It’s not rented out.

• Let-Out Property (LOP):

  A property that is rented to someone else and earns rental income.

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  How to Add a Self-Occupied Property

  If you live in the property, here's how to add it:

  • Go to Save > House Property > Add House Property

  • Select Self-Occupied Property and click Proceed

    

  • Enter the following details:

    • Property description
    • Interest paid on a home loan (if applicable)

  • Click Save

  Important Note: You can declare up to 2 properties as self-occupied. Any additional properties will be treated as deemed let-out for tax purposes.

  How to Add a Let-Out Property

  If you rent out your property, follow these steps:

  • Navigate to Save > House Property > Add House Property
  • Choose Let-Out Property and click Proceed
  • Fill in the required information:
    • Property description
    • Rent received
    • Property tax paid
    • Interest paid on a loan (if any)
  • Click Save

  Once saved, you’ll be able to see the summary of your property details under House Property.
  

  Mobile

  How to Add a Self-Occupied Property

  If you live in the property, here's how to add it:

  • Go to Save > House Property > Add House Property

  • Select Self-Occupied Property and click Proceed

    

  • Enter the following details:

    • Property description
    • Interest paid on a home loan (if applicable)

  • Click Save

  Important Note: You can declare up to 2 properties as self-occupied. Any additional properties will be treated as deemed let-out for tax purposes.

  How to Add a Let-Out Property

  If you rent out your property, follow these steps:

  • Navigate to Save > House Property > Add House Property
  • Choose Let-Out Property and click Proceed
  • Fill in the required information:
    • Property description
    • Rent received
    • Property tax paid
    • Interest paid on a loan (if any)
  • Click Save

  Once saved, you’ll be able to see the summary of your property details under House Property.
  

  
  
   

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