HEAVY DEPOSIT AMT
Fahim Shaikh (184 Points)
25 May 2023I HAVE A QUERY
IF I AM GIVING MY FLAT TO A ANOTHER PERSON ON HEAVY DEPOSIT
SO THAT DEPOSIT AMT WHERE I HAVE TO SHOW IN ITR
KINDLY HELP
Fahim Shaikh (184 Points)
25 May 2023
prasad Nilugal
( GST Practitioner & Accounts )
(14167 Points)
Replied 25 May 2023
Mahipal Rathod
(Com)
(44 Points)
Replied 25 May 2023
I don't think in this case you will be returning the deposit...
Nupur Oberoi
(Ober)
(58 Points)
Replied 26 May 2023
Notional interest over the deposit is treated as rent for taxation purpose.
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