Selling of house
This query is : Resolved
Quick Summary
Hari Bhatt
(Querist)
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
CA R SEETHARAMAN
(Expert)
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.
Hari Bhatt
(Querist)
17 May 2024
Thanks sir for the speedy response ... I have only one house in my name
CA R SEETHARAMAN
(Expert)
17 May 2024
You are welcome
..
..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Rent agreement of House of deceased person
- Closer of business and itc of capital goods
- RCM and same line
- Gift to nri relatives resides in usa
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
