|Originally posted by :nitin wadhwani
||Yes U Will Have TO Show In It.
Thanks for your reply, Nitin.
There is one more complexity. The flat is jointly in the name of me and my wife - both tax payers. So, per person asset value would be 41/2=20.5 lacs, which is less than the prescribed 30 lacs limit. Is it still needed to be shown? If so, what amount should I write in my return?
Also please note that the flat is not registered as its not yet ready.