05 April 2020
Sir/Mam, I have booked a RESIDENTIAL FLAT. In which 40/% is Self Funding and rest will be i.e. 60% from loan by Bank. Which is already Sanction but due to CORONA it was not executed in March 20. My question is that how will be show the paid amount (self funding) while filing income tax return computation for AY 20-21. This is 1st time home purchase .KINDLY ADVISE ME THANKS PR SHARMA MUMBAI
06 April 2020
seetaraman Sir I was unable to under stand Show it as advance for purchase in the balance sheet. it will be provision of home purchase or what pl clear it.. Also want to know paid GST amount can get ITC while GST filing individual
CAclubindia
