The main benefit of copying the property statement from the previous year while submitting the current year's Annual Immovable Property Return (IPR) is that it saves a lot of time and effort by avoiding re-typing all your existing properties.
How it helps:
When you choose the "Copy" option (then select the previous year), the system automatically populates the current year's form with all the properties you declared in the previous year's return.You can then easily:
Delete any property that you have sold, gifted, or transferred during the year.
Add any new property that you have acquired (purchased, inherited, gifted, etc.) during the year.
Make minor updates if needed (e.g., change in share, value, or remarks).
This way, you don't have to manually re-enter details of all your old/existing properties every year, which can be many in number (especially ancestral/joint family properties).In short, it pre-fills your ongoing properties, so you only need to update the changes that happened in the current year — making the submission quicker, less tedious, and less prone to typing errors.