Annual Information Report qus

Tarkeshwar Thakur (Engineer) (32 Points)

28 July 2008  

I have bought a flat still under construction for Rs 41 lacs out of which 28 lacs came from bank loan. Should this be declared in Annual Information Report item 6: "Purchase by you of any immovable property property valued at thirty lakh rupees or more"?

Or does this need to be declared only when I have put up >30lacs from my income this year for the purchase?