While filing ITR 1 IN CASE let out property it is asking particulars of loan.is it mandatory

Reporting Let-out Property in ITR-1 The requirement to report let-out property particulars in ITR-1 depends on the specific income tax regulations and the individual's tax situation. Mandatory Reporting -

*Rental Income*: If you have earned rental income from letting out a property, you are required to report this income in your income tax return. - 

*ITR-1*: ITR-1 is typically used for individuals with income from salaries, one house property, and other sources. 

If you have rental income from more than one house property or other specific income sources, you might need to file a different ITR form. Additional Considerations - 

*House Property Income*: Rental income from letting out a property is taxable under the "Income from House Property" head. -

 *Deductions*: You can claim deductions for expenses related to the let-out property, such as municipal taxes paid.

 Compliance Ensure you accurately report your let-out property income and claim eligible deductions in your income tax return to comply with tax regulations.

Yes. The loan details is now made mandatory despite of let out or self occupied