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House Property Income Tax Return Filing
Smart, compliant tax filing for rental income and property-related earnings.
This service is critical for individuals, NRIs, and investors earning from rental income or capital gains on real estate. Many top CA firms highlight this as a specialized niche because property-linked tax laws involve HRA, loan deductions, TDS on rent, co-ownership, and capital gains calculations.
Why File ITR for House Property Income?
If you own residential, commercial, or multiple properties, the Income from House Property must be disclosed in your Income Tax Return, even if it is self-occupied. Correct filing ensures:
- Compliance with mandatory disclosure provisions
- Claim of deductions like Home Loan Interest (Sec 24(b)) & Standard Deduction (30%)
- Avoidance of penalties and notices from IT department
- Access to refunds and tax credits on TDS deducted by tenants
- Accurate computation of capital gains on sale of property
At FinnovateAI, we simplify house property taxation, ensuring every benefit is claimed while keeping you 100% compliant.
Our House Property ITR Filing Services
- Rental Income Declaration - Calculation of gross annual value, net taxable income
Self-Occupied & Deemed Let-Out Property Filing - Correct tax treatment for multiple properties
Home Loan Deduction Computation - Interest on housing loan under Sec 24(b), principal repayment under Sec 80C
TDS Reconciliation - Claiming credit for TDS deducted by tenants under Sec 194-IB/194I
Joint Ownership Returns - Correct proportionate allocation between co-owners
Capital Gains Filing - Sale of property (short-term/long-term), indexation benefits, exemptions under Sec 54, 54EC, 54F
NRI Property Income Filing - Rental, capital gains, DTAA benefits, repatriation compliance
Scrutiny Handling - Representation in case of IT notices on property income
Why Choose FinnovateAI?
- Property Taxation Experts - Specialized handling of rental, loan, and capital gain cases
- NRI-Friendly Services - End-to-end filing support for overseas owners with Indian property income
- Max Deduction Assurance - Optimize Sec 24(b), 80C, and exemption benefits
- End-to-End Filing - From income computation to e-filing acknowledgment
- Data Security - 100% confidential handling of sensitive property & ownership details
Our Process
- Data Collection - Rent agreements, loan statements, TDS certificates, sale deeds
- Computation - Income, deductions, and exemptions applied
- Draft Review - Share filing computation for your approval
- E-Filing - Submit return online with acknowledgment
- Post-Filing Support - Refund tracking & scrutiny representation
Who Needs It?
- Individuals with rental income
- NRIs with Indian property
- Home loan borrowers claiming deductions
- Co-owners of property
- Individuals selling property with capital gains liability
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