Reporting inherited property in itr2 form

Prakash Narayanan (5 Points)

16 July 2017  

Does inherited property have to be declared in itr2 during the year of inheritance?  If yes, where in ITR2 does this have to be declared? There is no income from the property since it is locked up hence it does not have to be shown in schedule HOUSE PROPERTY.  Schedule AL does not apply since the filer's income is well below the Rs 50 lakh criteria for filing schedule AL.

Thanks.