Income tax

Debojyoti Ray (59 Points)

29 September 2016  
Sir I have taken a.loan of loan amount is 5lakh from a finance company.for purchase of land where I want to build my house. But unfortunately the land I have selected had already been sold to another person by its owner. I have invested the amount in postoffic RD for 1yeat so that I can find a suitable land in the meantime. Dose this fall under financial irregularity. Can Income tax department issue a scrutiny notice against my return