Purchase of site value first name show in 26as
This query is : Resolved
Kollipara Sundaraiah
(Querist)
31 October 2022
Sir,
It assessess purchase of site joint property rs:48 lacs (names:A,B,C) rs:48 lacs name : A show as per 26as .
Question:
Assessess above purchase of site transaction show procedure in it returns.
It assessess purchase of site joint property rs:48 lacs (names:A,B,C) rs:48 lacs name : A show as per 26as .
Question:
Assessess above purchase of site transaction show procedure in it returns.
Dhirajlal Rambhia
(Expert)
31 October 2022
There is no need to declare any purchase of site in ITR, but if filling BS, it needs to be declared as per individual shares of the property in respective Balance sheets of A,B & C.
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