31 October 2012
Dear Sir, An assessee who has got a residencial house of value around Rs. 30 lacs, after his grandfather has passed away in FY 2011-12. Now please advise me how to treat this property while filing itr 4 of the assessee. Should I mention the house value Rs. 30 lacs in Schedule EI of itr 4 of AY 201213 or not.