If you own a house property that was rented during the financial year, the rental income must generally be reported under the head Income from House Property in your Income-tax Return.

Follow the steps below to enter rental income and property details using the myITreturn mobile app.

Steps to Report Rent from House Property on myITreturn

Step 1: Log in to the myITreturn Mobile App

Open the myITreturn mobile app and sign in using your registered login credentials.

After successful login, you will be directed to the app dashboard.

Step 2: Select the Taxpayer Profile

From the dashboard, tap the name of the member or taxpayer for whom you want to prepare the Income-tax Return.

Confirm that you have selected the correct taxpayer and filing year before entering the property details.

Step 3: Select Income from Rent

On the income selection screen, tap Income from Rent.

This option should be selected when you have received or are entitled to receive rent from a house property owned by you.

Step 4: Enter the Rental Property Details

Enter all the information requested on the screen. Depending on your property and filing profile, the app may ask for details such as:

• Property address;
• Property ownership percentage;
• Type of property;
• Annual rent received or receivable;
• Municipal taxes paid;
• Unrealised rent, where applicable;
• Interest paid on a housing loan;
• Tenant details, where required; and
• Co-owner details for jointly owned property.

Enter the amounts for the relevant financial year and verify them against your rent agreement, bank records, municipal-tax receipts and housing-loan certificate.

Step 5: Review and Save the Rental Income

Review the property address, rental amount, ownership share, municipal taxes and housing-loan interest before saving the information.

If the details are correct, tap Save.

What Happens After You Save the Property Details?

After saving the information, myITreturn will use the entered details to calculate income or loss under the head Income from House Property.

The computation may consider:

• Gross annual value or rent;
• Municipal taxes actually paid by the owner;
• The applicable standard deduction;
• Eligible interest on borrowed capital; and
• Your ownership share in the property.

Review the final house-property computation before submitting your Income-tax Return.

Reporting a Jointly Owned Property

If the property is jointly owned, report only your share of the rental income, municipal taxes and eligible housing-loan interest according to your ownership percentage.

Do not report the entire property income in your return unless you are the sole owner.

Reporting More Than One Rented Property

If you own more than one rented property, add each property separately. Enter the address, rent, municipal taxes, loan interest and ownership details for every property.

Common Mistakes While Reporting Rental Income

• Reporting only rent received in cash and omitting rent received through a bank account;
• Entering net rent instead of gross rent;
• Claiming municipal taxes that were not actually paid;
• Entering the full rental income despite partial ownership;
• Omitting rent that was receivable but not yet collected;
• Reporting security deposits as rent without checking their nature;
• Entering the home-loan principal amount as interest;
• Not adding each property separately; and
• Failing to review the final house-property computation.

Frequently Asked Questions

Where should rental income be reported in the ITR?

Rent from a building or property owned by you is generally reported under the head Income from House Property.

Should I report rent that has not yet been received?

Rental income may be based on rent received or receivable and the applicable annual-value rules. Enter the complete property information so that the correct amount can be calculated.

Can I claim municipal taxes as a deduction?

Municipal taxes may be considered when they are borne and actually paid by the property owner during the relevant financial year.

Can I claim home-loan interest on a rented property?

Eligible interest on borrowed capital may be claimed under the applicable house-property provisions. Enter the amount shown in your interest certificate and retain the supporting records.

What if the property is jointly owned?

Enter your ownership percentage and report only your proportionate share of the property income and eligible deductions.

Can I add more than one rental property?

Yes. Add each rented property separately with its respective income, expense and ownership details.

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