HII
I 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
UNDER CREDITORS.... ...............
I don't think in this case you will be returning the deposit...
Notional interest over the deposit is treated as rent for taxation purpose.
Shyam Joshi & Associates
Pune
B.Com
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