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ITR Filing: How to Correctly Report House Property Income Before Deadline

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With the ITR filing deadline approaching, taxpayers in India are reminded to accurately report all residential property income in their returns. Self-occupied properties carry a nil annual value, though certain deductions can still be claimed. For rented properties, owners must declare gross rent received and any municipal taxes paid. Vacant properties may be classified as deemed let-out, requiring calculation of notional rental income. Proper reporting helps avoid discrepancies with tax authorities and ensures all eligible deductions are availed.

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ITR Filing: How to Correctly Report House Property Income Before Deadline · ShortSingh