ITR 3 _ HOUSE PROPERTY_Balance Sheet

This discussion addresses how a salaried individual should declare a jointly owned flat on their ITR 3 balance sheet. It clarifies that if the property is registered in both the individual's and their mother's names, 50% ownership should be declared by each. The query also covers whether stamp duty, registration fees, and processing fees can be added to the property's cost, with the advice being to capitalise stamp duty and registration charges but not processing fees. It's noted that stamp duty and registration fees cannot be claimed under Section 80C if they are capitalised.