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Where to mention land value in itr

Pawan Kr. Tomar (CA) (169 Points)

14 June 2013

WHERE TO MENTION LAND VALUE IN ITR AS I HAVE PURCHASED LAND APPROX 70 LACS FOR CONSTRUCTION OF HOUSE IN FUTURE

REGARDS

PAWAN

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3 Replies

(Guest)

There is no such information required in ITR forms for f.y 12-13

gbalakrishnan (owner) (1373 Points)
Replied 14 June 2013

These forms half baked forms friend.

gbalakrishnan (owner) (1373 Points)
Replied 14 June 2013

very IT is a half baked law so it is not cnsidered as a substantial law, as it undergoes changes under finance bills every year under its rules which are rudderless and so moves haphazardly and confuses assessees like you as alsi the very revenue officers. so a lot of cases are filed but till the ITAT decides there is only individual revenue officers perception . Though ITAT did good work as far as understanding facts of the matter, yey legally honorable high courts decide on interpretation of very Act so matters go to high courts and sometimes reach honorable supreme court. thanks