Under construction property in ITR


This query is : Resolved 

Quick Summary
If you own a property that is currently under construction, you may be wondering when you need to declare it on your Income Tax Return (ITR). Generally, you do not need to disclose it unless you are mandatorily required to fill out Schedule AL. For those filing ITR 1 with total income below £10 lakhs, this typically means no immediate declaration is necessary.

(Querist)
15 July 2026 Hi

I had under construction house property in financial year 2025-26

Whether I have to disclose it in ITR for FY 2025-26 or I need to disclose it in ITR in future years when I receive possession of said house property

Please advise

16 July 2026 No need to declare it in the ITR unless you have to mandatorily fill Schedule AL.

Swapnil (Querist)
16 July 2026 Thanks sir .. Total Income from salary and income from other sources is below 10 lakhs and I am filling ITR 1

16 July 2026 No need for the declaration of investment in ITR. Filing ITR 1 would be ok if no capital gain & PGBP declaration.


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