House purchase declaration in itr ?

Others 1420 views 2 replies
I had purchased and under construction property in 2011 for which I got possession July2015 and registered it Aug'2015. Do I need to declare property purchase related information in ITR ?
Replies (2)

Not unless it is a foreign asset. While filling ITR 2 and 4, I came across a separate section devoted to declaration of particulars of foreign assets held by residents. However, no such provisions/disclosures are required for domestic assets. Therefore, no need to disclose. The department will know about the purchase anyway as the registrar will file the details in the AIR.

Dear Sir/Madam: I have purchased a property using capital gain of property which I sold 2 year back. I have shown capital gain in ITR2 when I sold property. Which ITR form should I use now and how to show this in return if required?
P N Mehra


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