Hi,
I bought a property (joint investment) last year, took loan for it and showed same in my company to get tax benefits. Do I need to explicitly show this property transaction (any form) while filing my ITR this year or normal form-16 issued by comapny will work fine?
Thanks,
Prateek
Not the transaction but the interest / principal deduction claimed by you on loan will have to be disclosed in your ITR.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Aggarwal Sarawagi and Co
New Delhi
CA
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