Include in itr or not

ITR 460 views 1 replies

for a Proprietrix, doing catering service / business, is having a own house in her name. Till last year itr filing, the house property ( self occupied) is not shown in balance sheet.

Is there any necessary to show that house in itr 4, if yes means under what head ( under Fixed assets?) and shall i show this non-depreiable house property along with depreciable property?. then where can i show in schedule.

any body can explain?

thanks a lot

Nagarajan

Replies (1)
residential house use for own residence purpose..so that fixed assets non depricable assets..but that assets required to show in ITR under fixed assets head on which no dep. is claimed..so that property include in fixed assets head only..


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