How to Report Rent and Home-Loan Details in myITreturn ?

Introduction

Rent and housing-related information may affect your Income-tax Return in different ways:

• Rent received from a property you own is generally reported under Income from House Property.
• Rent paid for your own residence may qualify for an HRA exemption or a deduction under Section 80GG, subject to conditions.
• Interest paid on a housing loan may be deductible while calculating income from house property.
• The treatment differs according to whether the property is self-occupied, let out or deemed to be let out.

myITreturn provides separate sections for Rent Paid for House, Income from Rent, Housing Loan and House Property. The exact label may differ between the website and mobile app.

Details to Keep Ready

Before starting, keep the following information available:

• Complete address of the property
• Ownership percentage and co-owner details, where applicable
• Property type: self-occupied, let out or deemed let out
• Monthly or annual rent received
• Tenant’s name and PAN or Aadhaar, where required
• Municipal taxes actually paid by the owner
• Period for which the property was vacant
• Housing-loan interest certificate
• Lender’s name, PAN, loan account number and sanction date
• Total loan amount and closing loan balance
• Rent receipts and rental agreement for rent paid
• Landlord’s name, address and PAN, where applicable
• HRA details appearing in Form 16

Important: Do not enter the entire EMI as housing-loan interest. Use the interest amount shown in the lender’s annual interest certificate.

Step 1: Start or Continue Your Tax Filing

On the myITreturn Website

1. Log in to your myITreturn account.
2. Select the relevant member.
3. Click Continue Self filing.
4. Complete or review the tax profile and imported information.

On the myITreturn App

1. Open the myITreturn app and log in.
2. Select the relevant member.
3. Continue the tax-filing process from the member dashboard.

The official myITreturn website workflow directs users through Select Member → Continue Self filing → House Property for property-related information.

Step 2: Confirm the Tax Regime

Review whether the return is being prepared under the old or new tax regime.

This is important because:

• HRA exemption is generally available only under the old tax regime.
• Deduction for rent paid under Section 80GG is generally available only under the old tax regime.
• Interest on a self-occupied housing loan is not deductible under the new tax regime.
• Interest relating to a let-out property may be considered under the new regime, but a resulting house-property loss cannot be set off against income under other heads or carried forward under the AY 2026-27 new-regime treatment.

Do not select a regime merely because you have rent or housing-loan payments. Compare the complete tax computation under both regimes.

Step 3: Enter Rent Paid

Rent paid by you is different from rent received from a property you own. Report it under the deduction section—not as negative rental income.

When You Receive HRA

Where HRA is part of your salary, the exempt amount is generally the least of:

1. Actual HRA received;
2. Rent paid minus 10% of the relevant salary; or
3. 50% of the relevant salary where the residence is in Delhi, Mumbai, Kolkata or Chennai, or 40% in other locations.

The HRA exemption applies only where rent is actually paid for residential accommodation not owned by the employee.

When You Do Not Receive HRA

An eligible individual paying rent for their own residence may claim a deduction under Section 80GG. The deduction is the least of:

• Rent paid minus 10% of adjusted total income;
• 25% of adjusted total income; or
• ₹5,000 per month.

The claim is subject to ownership and other statutory conditions. Form 10BA must be furnished for AY 2026-27 before claiming the deduction.

Form 10BA is filed separately through the Income-tax e-Filing portal and not merely by entering rent in myITreturn.

Step 4: Open the House-Property Section

Use this section for a property that you own.

1. Open House Property.
2. Click Add House Property.
3. Choose the type of property.
4. Enter the property details.
5. Click Submit.

The website currently uses the House Property → Add House Property route, while the app provides separate Income from Rent and Housing Loan options.

Step 5: Select the Correct Property Type

Choose the appropriate classification.

Self-Occupied Property

Select this where the house is occupied by you for your own residence or qualifies to be treated as self-occupied.

The annual value of up to two qualifying self-occupied houses may be taken as nil. Under the old regime, eligible housing-loan interest may be claimed subject to the applicable aggregate limit and conditions.

Let-Out Property

Select this where the property was actually rented during the year.

You will generally need to enter:

• Rent received or receivable
• Tenant details
• Municipal taxes paid
• Vacancy information
• Unrealised rent, where legally eligible
• Housing-loan interest
• Ownership percentage

Deemed Let-Out Property

A property that is neither selected as an eligible self-occupied property nor actually rented may have to be reported as deemed let out. Enter the reasonable lettable value instead of leaving the rent field blank.

Select the classification based on the actual use of the property during the year. Do not classify a rented property as self-occupied merely because no rent was received for a few months.

Step 6: Enter Rental-Income Details

For each let-out or deemed-let-out property:

1. Enter the complete property address.
2. Add your ownership percentage.
3. Enter co-owner details, where applicable.
4. Add the tenant’s details requested in the return.
5. Enter gross rent received or receivable.
6. Report any eligible unrealised rent.
7. Enter the period of vacancy, where applicable.
8. Enter municipal taxes actually paid by you during the financial year.
9. Save the property.

Only municipal taxes borne and actually paid by the owner during the relevant year are reduced while determining annual value. Tenant-paid taxes, society maintenance, repairs and similar expenses should not be entered as municipal taxes. The law separately grants a standard deduction of 30% from the annual value.

Step 7: Enter the Housing-Loan Details

On the Website

Enter the loan information within the relevant house-property record.

The app’s documented route is Member → Housing Loan → Add → Enter details → Save.

Enter the following carefully:

• Purpose of the loan
• Date of sanction
• Lender’s name
• Lender’s PAN, where required
• Loan account number
• Original loan amount
• Loan outstanding at year-end
• Interest payable for the year
• Eligible pre-construction interest
• Your share of interest in jointly owned property

Pre-Construction Interest

Interest relating to the period before completion or acquisition is generally allowed in five equal instalments beginning with the year in which the property is acquired or construction is completed, subject to the applicable conditions.

Do not enter all accumulated pre-construction interest in one year unless the amount represents the eligible annual instalment.

Step 8: Review the House-Property Computation

For a let-out property, the taxable amount is broadly computed as follows:

Sections 22 to 24 of the Income-tax Act, 1961 govern the charge, annual value and deductions for AY 2026-27. Under the Income-tax Act, 2025, the corresponding provisions are primarily Sections 20, 21 and 22.

Step 9: Review the Detailed Computation

After saving all records:

1. Open Detailed Computation.
2. Review the income reported under House Property.
3. Check the HRA exemption or Section 80GG deduction.
4. Confirm that housing-loan interest appears against the correct property.
5. Check whether the result is taxable income or a loss.
6. Review the effect of the selected tax regime.
7. Confirm that the correct ITR form has been selected.
8. Return to the property record if any figure is incorrect.

The detailed computation consolidates rental income, HRA, housing-loan interest and other tax information entered during filing.

Step 10: Complete the Final Validation

Before proceeding with submission, verify that:

• Rent paid has not been reported as rent received.
• The same HRA exemption has not been claimed twice.
• Section 80GG has not been claimed when HRA was received during the year.
• Form 10BA has been filed where Section 80GG is claimed.
• The property classification is correct.
• Municipal taxes represent amounts actually paid by the owner.
• EMI has not been entered instead of interest.
• Joint ownership and interest have been restricted to your share.
• Pre-construction interest has been divided correctly.
• Each property has been added separately.
• The tax-regime treatment has been reviewed.

Once the validation is complete, continue with the remaining filing steps and submit the return.

Important Legal Position for AY 2026-27

For income earned during FY 2025-26 and reported in AY 2026-27, the applicable legislation continues to be the Income-tax Act, 1961.

The Income-tax Act, 2025 came into force from 1 April 2026 and applies to income earned from that date. Under the new Act:

• House-property income is covered principally by Sections 20 to 23.
• Deduction for rent paid corresponding to old Section 80GG is covered by Section 134.
• Form 31 replaces Form 10BA under the Income-tax Rules, 2026 for the corresponding rent-paid declaration. (Etds)

Therefore, taxpayers filing for AY 2026-27 should use the old section and form references appearing in the notified AY 2026-27 return utilities.

Related Legal Guide

For the tax rules governing self-occupied, let-out and deemed-let-out properties, read House Property Income and Taxation.