House Property

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 IT...
Wed, 16 Oct, 2024 at 3:45 PM
Calculate rent for Deemed let-out property
Owning a home is a dream for many. However, if you own more than two properties for personal use, the additional properties will be treated as deemed let-ou...
Wed, 16 Oct, 2024 at 3:47 PM
Add rental income for a jointly owned property
Jointly-owned property is held by two or more people—whether spouses, business partners, friends, or family members. It’s a smart tax move since rental inco...
Wed, 16 Oct, 2024 at 3:53 PM
Claim property taxes paid
Property tax is an annual fee that property owners pay to local governments or municipal bodies. It’s used to fund public services like roads, sanitation, a...
Wed, 16 Oct, 2024 at 4:01 PM
Add pre-construction interest for house property
Pre-construction interest is paid on a home loan before taking possession of the property. Loans usually have two parts: interest and principal. During the ...
Wed, 16 Oct, 2024 at 4:13 PM
How is standard deduction on rent calculated?
If you’ve rented out your property, ongoing costs like maintenance, repairs, or upkeep are still ongoing. To simplify things, the Income Tax Department allo...
Wed, 16 Oct, 2024 at 4:19 PM
Unable to add more than 2 self occupied properties
A self-occupied house property is one that you use for your own residence or personal use. According to income tax laws, if you own more than two house prop...
Wed, 16 Oct, 2024 at 4:25 PM
Autofill House property income
House property income is the rent earned from the property you own, whether it’s a house, apartment, shop, or office space. This income is taxable, but dedu...
Wed, 16 Oct, 2024 at 4:28 PM
Rental income from Sub-Letting
Rental income earned from properties you own is taxed as income from house property. However, if you sub-let a property that you don’t own, the income isn’t...
Fri, 25 Oct, 2024 at 6:12 PM