Disclosure of Purchase of House in Income Tax Return

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  1. kuldeep@it14

    [email protected] New Member

    I have purchased a house in May 2014 and have taken home loan for the same. Do I have to reflect that house as a property purchased or claiming the home laon rebate on income tax will be sufficient.
  2. Aditi Gulati

    Aditi Gulati Active Member

    In the Income Tax Return, you are required to disclose the houses owned by you. This is required to be mentioned every year in the income tax return under head Income from House Property. You are also required to show if any rent has been received from such property or not.

    You are not specifically required to mention the transaction but only required to mention the no. of houses owned by you and their address. This is required to be disclosed under head Income from House Property
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