A flat was bought jointly on bank loan. Registration and possession was complete in March,2016.
Because of service in other state no body is now residing and is not let out. Is the flat treated as asset to declare while it is on bank and document is in bank custody? Is it necessary to declare the property in ITR? If yes, is there specific fields to fill up?
Menu
Declaration in itr of flat jointly bought on bank loan
Replies (1)
yes it is treated as an asset
and it is not required to disclose in returns
Recent Topics :
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
Related Topics :
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
