{"id":8184,"date":"2025-08-26T21:40:01","date_gmt":"2025-08-26T21:40:01","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/buying-or-selling-property-heres-how-to-declare-it-in-itr-for-ay-2025-26-tax-news\/"},"modified":"2025-08-26T21:40:01","modified_gmt":"2025-08-26T21:40:01","slug":"buying-or-selling-property-heres-how-to-declare-it-in-itr-for-ay-2025-26-tax-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/26\/buying-or-selling-property-heres-how-to-declare-it-in-itr-for-ay-2025-26-tax-news\/","title":{"rendered":"Buying Or Selling Property? Here\u2019s How To Declare It In ITR For AY 2025-26 | Tax News"},"content":{"rendered":"


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With the September 15 ITR deadline nearing, taxpayers must accurately report property transactions in ITR-2 or ITR-3 for AY 2025-26 to avoid penalties.<\/h2>\n
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Income Tax Filing 2025<\/p>\n<\/figure>\n

ITR Filing 2025:<\/strong> As the extended deadline of September 15 for the income tax return (ITR) filing is approaching, taxpayers are rushing to complete their tax duties for FY2024-25 (assessment year 2025-26). Once the due date is over, taxpayers have to file their ITR under belated filing, which attracts a penalty and the unavailability of benefits like offsetting losses.<\/p>\n

While taxpayers are filing their ITRs, they might file their income inaccurately due to negligence or a lack of information. This scenario is prominent when taxpayers are filing by themselves without help of experts such as CAs.<\/p>\n

One such misreporting of income could happen regarding the property transactions. Whether you\u2019ve bought or sold a property, understanding how to declare these in your ITR is crucial to avoid penalties and ensure compliance.<\/p>\n

Let\u2019s understand the navigating guide to report a property transaction (if happens) for the Assessment Year (AY) 2025-26.<\/p>\n

How To Report Property Purchases<\/h4>\n

If your total income exceeds Rs. 50 lakh, you must disclose property purchases under Schedule AL (Assets and Liabilities) in ITR-2 or ITR-3.<\/p>\n

You have to provide details such as the property\u2019s address, purchase price, and stamp duty value.<\/p>\n

If the property was bought with a home loan, taxpayers can claim deductions on interest paid under Section 24(b) in the \u201cIncome from House Property” section. For properties costing over Rs. 50 lakh, buyers must deduct 1% TDS under Section 194-IA and file Form 26QB.<\/p>\n

How To Report Property Sales In ITR Filing<\/h4>\n

Income from property sales is reported as capital gains in ITR-2 (for individuals\/HUFs without business income) or ITR-3 (if business income exists).<\/p>\n

You need to enter details like sale price, purchase price, date of purchase\/sale, and brokerage charges in Schedule CG.<\/p>\n

Capital gains are classified as short-term (held less than 24 months) or long-term (held over 24 months). Long-term capital gains (LTCG) qualify for indexation benefits if sold before July 23, 2024, reducing taxable gains.<\/p>\n

Moreover, exemptions under Section 54 (reinvestment in residential property) can also be claimed.<\/p>\n

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Varun Yadav<\/a><\/p>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> \u00bb tax<\/a> Buying Or Selling Property? Here\u2019s How To Declare It In ITR For AY 2025-26<\/span><\/div>\n
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Last Updated:August 26, 2025, 15:08 IST With the September 15 ITR deadline nearing, taxpayers must accurately report property transactions in ITR-2 or ITR-3 for AY 2025-26 to avoid penalties. Income Tax Filing 2025 ITR Filing 2025: As the extended deadline of September 15 for the income tax return (ITR) filing is approaching, taxpayers are rushing…<\/p>\n","protected":false},"author":1,"featured_media":8185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-8184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/8184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=8184"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/8184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/8185"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=8184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=8184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=8184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}