House property to be shown in return.
I got Plot from our Religious community. Its a plot of Gurudwara for which there is no registry. Its just a contract on stamp paper that the plot is given to me. After receiving the same, I took loan and bulid small house in 6 months. I have taken personal loan for same for 5 years. Please clarify how it will be shown under income tax in my returns. Please tell regarding House and also the loan taken. The monthly instalment is going through my bank account for the same.
Replies (2)
Is it a goft?? and is the value written on the contract?
No value is written on the contract.
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