The present new Json format ITR-2 error on co-owners share

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Kammy Singh

Retired

133 Points Posted on 20 August 2021

Sir,

The ITR Utility offline and online error pops up at the Sch-House Property income.as to co-owners share in one rental property.

Error : Sum Of Co-Owners Share of property and Assessees share of property should be equal to 100%" Even though the data entered is already TOTALS to equal 100%.

Due to this error upon clicking at save or comfirm it will go directly to the error pop up. NOT ALLOWING TO PROCEED. However the % share of the assessee income is correctly calculated.

My query is instead of Yes for Co-owners of property, TICK NO & 100% AS THE SHARE and declare the calculated income share in the ITR-2 to bi-pass the error. I feel there should not be an issue (separate rent payments are made per share by the one tenant in one co-owned property). The Income from house property will be the same. Would like to here the opinion of our experts as to not mentioning the property as Co-owned. Could there be an issue cause for decades in the ITR it has been shown as a Co-owner of this one house property.

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Quick Summary

This discussion addresses a recurring ITR-2 error related to co-owner shares in house property income. Users are encountering an error stating that the sum of co-owner shares must equal 100%, even when the data appears correct. A potential workaround involves entering 'No' for co-owners and assigning 100% share to the assessee, though concerns about long-term implications are raised. Experts suggest re-entering the property details or reporting the issue as a grievance.