Re Annual Information Return

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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

Replies (1)
Originally posted by : KIYOSH


In ITR under schedule AIR a person has to inform if he buy property.

- Persons (individuals) are not required to file AIR

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.

- When he register the property 

- When he pays towards property it would be treated as advance for property 

Regards

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