Manage House Property Income

Manage House Property Income

House property includes any building or land, such as a house, apartment, office space, or hotel. This guide explains when to report your property in the ITR, how to add it, and the required details.


When to Report House Property in Your ITR 

  • You earn rental income from the property, or

  • You want to claim interest on a home loan


Web
Mobile
Web

Ways to Add House Property Income

Autofill from ITD

  1. Navigate to File > Incomes > House Property

  2. Select Import from ITD using Autofill
  3. Connect to ITD via Aadhaar OTP or credentials Once connected details such as rent received, interest payments, and TDS will be imported. 

Add Manually

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

Mobile

Ways to Add House Property Income

Autofill from ITD

  1. Navigate to 
    File > Incomes > House Property


  2. Select 
    Import from ITD using Autofill


  3. Connect to ITD
     via Aadhaar OTP or credentials

    Once connected, rent received, interest payments, and TDS will be imported automatically.
Add Manually
  1. Go to 
    File > Incomes > House Property

  2. Select Add Manually
     
  3. Choose your property type
    • Self-Occupied Property: The property you reside in
    • Let-Out Property: A property rented out to tenants
    • Deemed Let-Out Property:
       A property left vacant for the entire year
 


Note: Only two properties can be added as self-occupied. Any additional properties will be deemed let-out.

Details to add for each Property Type

If the property is jointly owned, make sure to report your share of rent income, and deductions -- property taxes and interest.

  • Self-Occupied Property
    1. Enter the property's address 
    2. Interest paid on home loan 
    3. Co-owner details if applicable (name, PAN, ownership percentage)

  • Let-Out or Deemed Let-Out Property:
    1. Provide your property's address
    2. Rental Income (or notional rent for deemed let-out properties)
    3. Add deductible expenses like interest on home loan and municipal tax
    4. Enter tenant details (name and PAN)
    5. Co-owner details if applicable

Note: A 30% standard deduction will be automatically applied to house property income

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