ITR
Two house properties in ITR-1
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
From AY 2026-27, the ITR-1 form notified with the 10 April 2026 corrigendum allows income from up to two house properties. Some portal help text still mentions one property, so check the live utility.
Provisions and law
- Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026)Sets which ITR form applies, its eligibility conditions and how it is verified.
- Sec 24(b), Income-tax Act 1961 (now Sec 22(1)(b))Interest on a home loan is deductible; up to ₹2 lakh for a self-occupied home under the old regime.
Analysis
If one flat is self-occupied and the other is let out at ₹20,000 a month, you show rent of ₹2,40,000, deduct municipal tax and 30% standard deduction, and the home loan interest. If the utility does not accept two properties, switch to ITR-2. A third property always moves you out of ITR-1.
Conclusion
- Count your house properties.
- Collect rent received, municipal tax paid and home loan certificates.
- Open the ITR-1 utility for AY 2026-27 and check it accepts two properties.
- If it does not, use ITR-2.
- Report rent even if the tenant paid in cash.
A Savvy can do this for you
Income tax return for salaried and pensioners, ITR-1 (Sahaj)
₹999
Get this doneAsk a Savvy on WhatsAppGeneral guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.