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
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Ways to Add House Property Income
Autofill from ITD
- Navigate to File > Incomes > House Property
- Select Import from ITD using Autofill
- Connect to ITD via Aadhaar OTP or credentials
Once connected, rent received, interest payments, and TDS will be imported automatically.
Add Manually
Go to File > Incomes > House Property
- Select Add Manually
- 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
- Enter the property's address
- Interest paid on home loan
- Co-owner details if applicable (name, PAN, ownership percentage)
- Let-Out or Deemed Let-Out Property:
- Provide your property's address
- Rental Income (or notional rent for deemed let-out properties)
- Add deductible expenses like interest on home loan and municipal tax
- Enter tenant details (name and PAN)
- Co-owner details if applicable
Note: A 30% standard deduction will be automatically applied to house property income
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