Section "HP" in ITR-1 to be filled by all ?

Question for all experts in CAClub.

ITR-1 for AY2026-27 has a section HP added.

  1. What is to be done by Income Tax Filer who does not have any House ?

2. What is to be done by Income Tax Filer who has only one house but does not rent it ?

3.  What is to be done by Income Tax Filer who has two houses but does not rent any of the two ?

Replies (3)
Quick Summary
ITR-1 AY2026-27 now includes Schedule HP. Non-homeowners can leave it blank. Self-occupied properties with no rental income should be reported as self-occupied with Nil annual value. Home loan interest deduction rules depend on the chosen tax regime.

  • GSTR-1 / IFF Issue: Saved data is preserved. Quarterly filers must leave the April draft invoices alone and let them auto-populate into the consolidated Quarterly GSTR-1 in July. Monthly filers can file the April return late with applicable late fees.

  • ITR-1 Schedule HP Issue: Non-owners can leave the section blank or zeroed out. Single or dual home-owners who don't rent can report their property types as "Self-Occupied" (GAV is Nil). Home loan interest can be claimed up to an aggregate of ₹2 Lakhs under the Old Regime, while the net value will reflect as Zero under the New Tax Regime.

@ Aashok FC Advisory

Thanks for your advice.

 

Belated FY2025-26 TDS by Employer – what is to be done

Dear All Expert Members of this Forum. Please Consider the following case and give your advice :-

Mr Z is a salaried individual. He paid all Advance Taxes on time for FY2025-26 based on the TDS calculations by his Employer.

The Employer did not deduct TDS from salaries of MR Z for the 3 Months Jan 2026, Feb 2026 and Mar 2026. The Employer has now deducted the TDS for Jan-Mar 2026 + for Apr 2026 from the Apr 2026 Salary paid in 1st Week of May 2026.

Question – What is now to be done Mr Z before Tax Filing for AY2026-27 [FY2025-26] to avoid paying any penalty due to the Belated Deduction of the Jan-Mar 2026 TDS by the Employer ?

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