Income from House Property refers to the income earned from the ownership of property,
includes land, buildings, houses, etc.
There are two ways to add House Property Income on Quicko:
To add income using Autofill feature
- Navigate to File > Incomes > Add House Property
- Tap on Autofill > Continue
- Select the method to connect with your ITD account > Continue
- OTP on Aadhar Registered Mobile Number
- ITD Portal Credentials
- Tap on authorize
On successful connection with the ITD, you will see the house property details on the next screen.
To add House Property details Manually
- Navigate to File > Incomes > Add House Property
- Select the House Property Type applicable to you
- Self-Occupied
- Let-Out
- Deemed Let out
- Enter the required details and tap on Save
You will land on the summary screen once the details have been entered.
Note:
Under the old tax regime, you can claim deduction for interest paid on home loan u/s 80C.
However, if certain conditions are fulfilled, you can also claim deduction u/s
1. 80 EE (First time Home Buyer)
2. 80 EEA (For Affordable Housing)