A house property can be anything that is attached to the land; it could be a house, an office, a shop, or even a structure.


House Property income can be added on Quicko in 2 ways:


Prefill (Recommended)

Quicko is an authorized ERI. With your permission, our product fetches details like taxpayer information, income details, tax credits & bank accounts from your ITD account.


  • Navigate to Filing > INCOMES > HOUSE PROPERTY from the side nav
  • Click on Authorize 
  • Select a method to connect your ITD account 
    • OTP on Aadhar Registered Mobile Number > Enter the OTP & click on Verify
    • ITD Portal Credentials > Enter the credentials & click on Authorize


Make sure you enable Aadhaar OTP login.


Add Manually

  • Navigate to Filing > INCOMES > HOUSE PROPERTY from the side nav
  • Choose the Type of House Property
    • Self-occupied property 
    • Let-out property
    • Deemed let-out property
  • Enter the required details
    • House Property Address
    • Annual rent received
    • Property tax paid
    • The interest amount paid on the loan, if any
    • Tenant details: Name & PAN
    • In case of any co-owners, add ownership details
  • Click on Save

You will land on the summary screen once the details have been entered.


If you opt for the old regime, you can claim a deduction for the interest paid on the home loan u/s 80C. No deduction for house property can be claimed if opted for the new regime.



Note:
If certain conditions are fulfilled, under the old regime you can also claim deduction u/s 
    1. 80 EE (First time Home Buyer)
    2. 80 EEA (For Affordable Housing)