Do I need to show house purchase in ITR form?

  1. I bought a second house last financial year , amounting more than 50 lac, do I need to show purchase somewhere in ITR? Also, since cost was more than 50 lac , I deducted 1% buyers TDS, do I need to list this deduction done by me in ITR form?

  2. I have more than one houses and but second house is vacant , so i need to show notional rent? what name should I put in tenants name?

asked Jul 21 '14 at 12:05 by avee 64


  1. You need not to show this purchase in your income tax return.
  2. You should show notional rent in income tax return. In tenant name you can put Notional value.

answered Jul 22 '14 at 16:24 by Pankaj Batra 5.2k320

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How to calculate & show the house rent in ITR-2 when both the houses are vacant.
(Jul 26 '14 at 16:03) sakiv1089
one of the house can be considered as self occupied, for other you will have to show a notional rental income. Ongoing rent in that area for similar property should be taken in account.
(Jul 26 '14 at 20:06) Pankaj Batra

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Asked: Jul 21 '14 at 12:05

Seen: 1,866 times

Last updated: Jul 26 '14 at 20:06