Property transaction in itr

443 views
User Avatar

senior associate
21 Points Posted on 23 July 2014

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

 

 

0 Reply Share Follow
On 23 July 2014 at 15:26 Report
Replies (2)
User Avatar

Wealth Manager
5358 Points Posted on 23 July 2014

Not the transaction but the interest / principal deduction claimed by you on loan will have to be disclosed in your ITR.

Reply
On 23 July 2014 at 18:04
User Avatar

Student as well as Self-employed
3853 Points Posted on 23 July 2014
there is no requirement to show property purchased, unless it is purchased to claim exemption against capital gains.... you can proceed with filing of your return according to form 16 and also claim deduction of housing loan intt and principal repaid.
Reply
On 23 July 2014 at 22:05

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. ITC availed on 5%-rate passenger transport (AC bus
  2. Extension of Due Date of AY 2026-27
  3. FAST DS 2026
  4. Does AIS GST Purchase aggregate GSTR-2B expenses?
  5. Form 26A - System has encountered some technical p
  6. Tool to convert GST invoice PDFs into Excel &#8212
  7. Revised or rectification or leave it?
  8. Private limited tax audit
  9. LTCG - SEC54
  10. Foreign remittance from our client for Co Working

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details