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.
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Sales of vacant site purchases not shown in i.t.return
Replies (3)
Quick Summary
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.
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