Selling of house
This query is : Resolved
Quick Summary
17 May 2024
Dear experts
I purchased a house in Feb2016 for Rs 70 lacs which I want to sell now in 2024.... During purchase I deposited valid TCS of buyer to the INCOME TAX department....
My question is will I receive any notice from Income tax as I did not show that house while filing ITR in AS 2016-17
Thanks
Hari
I purchased a house in Feb2016 for Rs 70 lacs which I want to sell now in 2024.... During purchase I deposited valid TCS of buyer to the INCOME TAX department....
My question is will I receive any notice from Income tax as I did not show that house while filing ITR in AS 2016-17
Thanks
Hari
17 May 2024
No notice will be issued in case of self occupied house and you have right sources of income to buy the house.
17 May 2024
Thanks sir for the speedy response ... I have only one house in my name
17 May 2024
You are welcome
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