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House construction cost in itr
I had constructed the house on land purchased long time back this financial year. I had used my saving and fund after retirement thats why didnt take any loan for constuction of home. How to show the construction cost of House in ITR and in which Form so as to avoid any issues at later stage.
Replies (1)
If such house is self occupied and no borrowed capital is used, there is no need to declare it in ITR at all. Such information would be provided to IT dept by the Registering authority as part of AIR.
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