banner_ad

Residential property in itr

ITR 635 views 5 replies
User Avatar

Proprietor
107 Points Joined December 2013

Dear Experts

I have purchased a government residential flat in FY13-14, Please advise me where i have to show in ITR4.

Regards.... Anil Kumar

0 Reply Share Follow
On 27 May 2014 at 15:57 Report
Replies (5)
User Avatar

Article
79 Points Joined June 2011

If you are a "No Account Case" i.e. covered u/s 44AD no need to show, else under Fixed Assets in Balance Sheet

Reply
On 27 May 2014 at 16:11
User Avatar

Student as well as Self-employed
3710 Points Joined September 2007
if you are maintaining books of accounts then add it to your block of fixed assets otherwise you dont need to show it anywhere in itr.
Reply
On 27 May 2014 at 18:07
User Avatar

Practicing Chartered Accountant
290 Points Joined July 2009
If you are not using it for business then no need to show If its used for business then add to the block of fixed assets
Reply
On 27 May 2014 at 22:02
User Avatar

Deputy Mgr.Accounts
23 Points Joined January 2009
If your filing return under presumptive taxation u/s 44AD then no need to enter in return. just show in balancsheet made seperatly for record purpose..but if you are filing itr-4 then show the same in block of assets if used for business purpose.
Reply
On 28 May 2014 at 08:24
User Avatar

Fellow CA
86876 Points Joined June 2009

assuming this house is not being used for business, any income or loss arising out of this house property should be reflected in "income from house property"

1 Reply
On 28 May 2014 at 14:55

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details