What is a House Property?

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.


You can add two types of properties,

  • Self Occupied Property (It is the property which is occupied by the owner himself/herself).
  • Let-Out Property (It is the property that the owner rents out to another individual or entity for a specified period in exchange for a rental fee.).


Adding Self Occupied Property,

You would be required to manually enter the details of your property as follows,

  1. Navigate to Save > House Property > Add House Property.
  2. Select Self Occupied Property and click on Proceed.
  3. Add Basic Details of the property,
    • Description.
    • Interest paid on Home Loan.
  4. Click on Save


You can have only 2 properties as Self Occupied Property, all the other properties would be considered as Deemed let-out property.


Adding Let-Out Property,

The Let-out Property or the property given out on rent can be added in 4 simple steps,

  1. Navigate to Save > House Property > Add House Property
  2. Select Let Out Property and click on Proceed.
  3. Add Basic Details of the property,
    • Description
    • Rent Received
    • Property Tax Paid
    • Interest Paid on Loan (if any)
  4. Click on Save.

And there you have it, you can view the details entered by you in the summary view.