Air information in itr


23 May 2013 I. Tax Return (ITR) require assessees to give information about certain transactions entered into during the previous year, which are reportable in the AIR u/s.285BA.
My query is, if an individual and his spouse jointly purchase an immovable property (say) for Rs. 40 lacs and the share of each is 50% i.e. Rs. 20 lacs each.
My query is whether this information is required to be given in ITR by both individually?

23 May 2013 ITR for assessment year 2013-14 do not carry the Annual Information Return (AIR) blocks.

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24 May 2013 The limits of AIR is applicable on individual basis

24 May 2013 Since the ITR for AY 2013-14 does not have (AIR) blocks, then in what way the assessee should intimate the dept. about the said information


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