Residential house construction value difference amount tax applicable for it act
This query is : Resolved
21 November 2024
Sir,
It assessess new residential house construction value rs:1.50 crores payments through on bank channel.if residential house construction value rs:1.70 crores certified by engineer (income tax valuer) f.y.24-25
Question:
Assessess construction house expenses difference amount tax applicable for it act f.y.24-25
It assessess new residential house construction value rs:1.50 crores payments through on bank channel.if residential house construction value rs:1.70 crores certified by engineer (income tax valuer) f.y.24-25
Question:
Assessess construction house expenses difference amount tax applicable for it act f.y.24-25
21 November 2024
If the valuation was carried under direction of ITD, then ITO may demand the tax over difference, but it can be negated by filing appeal.
Otherwise no need for any declaration.
Otherwise no need for any declaration.
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