How to Report House Property in ITR: Self-Occupied, Commercial and Co-Owned Properties

This query is : Resolved

Quick Summary

Up to two self-occupied houses can be reported with Nil annual value in the ITR House Property schedule. Commercial property is taxed under House Property unless used for own business. A residential plot is a capital asset, not house property. Co-owners report only their ownership share.

Ankur Aggarwal

Ankur Aggarwal (Querist)
Follow

17 June 2026 Hi,

I have few queries regarding reporting of house property in ITR :

1. If I have 1 or 2 self occupied house property, where do i report them in ITR? (Considering net income for both as zero).

2. Is a commercial property also part of house property?

3. I have bought a residential plot for investment. Will it also form a part of house property?

Thanks in Advance.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
Follow

17 June 2026 Self-occupied: Up to two can be marked as self-occupied with Nil GAV in the ITR "House Property" schedule; you can still claim home loan interest deductions.

Commercial Property: Falls under "House Property" unless used for your own business/profession, in which case it moves to the "Business or Profession" head.

Residential Plot: Does not count as "House Property" as it lacks a structure; it is typically treated as a capital asset, and gains from its sale are taxed as "Capital Gains."

Ankur Aggarwal

Ankur Aggarwal (Querist)
Follow

17 June 2026 Thank you for your reply. Few follow up questions :

1. If I have a house property, but currently I am living in a flat on rent. No one is living in that house property. How will the reporting work in this case.

2. I have house property with 50% ownership along with 50% with my wife. How will the reporting work in this case.

Thanks