How to add House Property Income?

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.