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Where to mention land value in itr

ITR 616 views 3 replies

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

 

REGARDS

PAWAN

Replies (3)

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

These forms half baked forms friend.

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

 


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