Where to show new house bought in itr-4 form ?

Dear Sir/Madam,

                    If a person buys a new house, then where that amount is to be shown in Balance Sheet of ITR-4 form ? Can it be shown in GROSS BLOCK in Balance Sheet of ITR-4 form ? 

Awaiting your reply.

Thank you.

Replies (3)

According to me:

1)If House is purchased for Business/Pofession, then it should be shown as gross block and depreciation should be claimed on it.

2)If purchased for personal purpose then no need to show it in gross block.

 

If the person is an individual, then it is necessary that the house appears in his balance sheet. Where else can we put it as it is a fixed asset? We have to show it in Gross block.. but don't claim any depreciation on it.

Thank you Mr. Arpit Kakar and Miss Madhavi Pandit for your quick and accurate replies :) 

This house is for personal use only n its my first house :) 

So is it OK to show this amount in GROSS BLOCK in Balance sheet of itr4 without any depreciation ? :) 
Awaiting your reply.

Thank you.
 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details