Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Air data

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2013 Dear Sir,

We'd sold a House Property in FY 2011-12 and invested the inflated Sale Proceeds in Tax Free Bonds by NHAI. In 26AS for AY. 2013-14 there is an AIR notings for the investments we made in Tax Free bonds of NHAI.
Please advise what I need to do in this context in my next Tax Returns due to be filed in July 2013?
Would appreciate your expert advise.

Many thanks and best regards...

Rupesh Jain

Rupesh Jain (Expert)
Follow

22 June 2013 it is not effect that if nothing in AIR

pls file your regular income tax retun.

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 Many thanks for your response, Rupesh ji! I would like to clarify here that in 26AS for AY2012-13, there is mention of AIR transactions but nothing is mentioned in 26AS for AY2013-14. Do I need to file a revised return for AY2012-13? Do I need to mention anything on my returns for AY 2013-14? Appreciate your comments, pls.
Best regards...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok