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For AY 2026-27, ITR-1 allows income from up to two house properties. With three or more properties, or with house property loss to carry forward, you need ITR-2, or ITR-3 if you also have business income. Each property is shown separately.
ITR
Which ITR to file with rent from several properties
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Provisions
Sec 22 (now Sec 20); Sec 139(1) (now Sec 263(1))
Analysis
Income from each flat is computed under Sec 22 (now Sec 20) of the Income-tax Act 1961, property by property. With three flats, ITR-1 is not allowed, so you file ITR-2 if your other income is salary, interest or capital gains. ITR-1 also cannot carry forward a house property loss, so even two properties with a loss to carry may need ITR-2. Picking the right form avoids a defective return notice.
Close
- Count every house property you own, including vacant ones.
- Check for any loss to carry forward.
- Choose ITR-2, or ITR-3 if you have business income.
- Collect rent, tax and loan papers for each property.
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