Assess sales of vacant site value rs.3,50,000/- Dt: 20-03-2020 f.y.2019-2020. this site purchases value rs.1,70,000/- Dt:20-05-2012 f.y.2012-2013. but Assess mistake site purchases value not mentioned in I t.returns(books not entered)f.y.2012-2013
doubt:
Assess f.y.2019-2020 sales of site Value rs.3,50,000/- show in I.t. return s compulsory
how to adjustment producure of site value in books and I.t. returns.
Menu
Sales of vacant site purchases not shown in i.t.return
Replies (3)
Assessee is Individual, firm, company..?
Tax audit done in any year from that year..?
Tax audit done in any year from that year..?
Assess inviduval status and not audit applicable
Is assessee is salaried employees or having business..?
if business than check, which ITR file for last years from F.Y 2012-13
As for individual, non audit ... Property details is a balance sheet items, it's not required to be file with IT return.
If balance sheet not required to be filed in last years, than we can take that in current year.
if business than check, which ITR file for last years from F.Y 2012-13
As for individual, non audit ... Property details is a balance sheet items, it's not required to be file with IT return.
If balance sheet not required to be filed in last years, than we can take that in current year.
Recent Threads
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
Related Threads
CAclubindia
