In ITR under schedule AIR a person has to inform if he buy property.
But when he has to mentioned in ITR
when he pay full payment for property ? OR when he registered his property OR when he gets possession of flat.
Regards
KIYOSH (TAX CONSULTANT) (332 Points)
19 April 2011In ITR under schedule AIR a person has to inform if he buy property.
But when he has to mentioned in ITR
when he pay full payment for property ? OR when he registered his property OR when he gets possession of flat.
Regards
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 20 April 2011
| Originally posted by : KIYOSH | ||
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- Persons (individuals) are not required to file AIR - When he register the property
- When he pays towards property it would be treated as advance for property |
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