Hello
Plz someone clear about late fees in ITR filing for f.y 17-18
In java utility Late fees of Rs. 1000 is shown automatically..Then should we pay it still? or should file without payment?
Right now late filing fees is mandatory?

Thanks in advance

Dear All,
Greetings!

My query is about purchase of a flat and how to Disclose this in ITR 1 while making payments of Rs 15 Lakh in through cash or through non-cash mode and there is a loan also, the details are as under:

Flat value: Rs 40 Lacs
Registry charges: Rs 2.50 Lacs (Approx. Extra)
Cash / Bank Balance: Rs 15 Lacs
Housing Loan : Rs 25 Lakhs (Approx. including insurance)

Queries:
1) The builder wants the payment of Rs 15 Lacs in cash, whether it is good to pay cash or pay through cheque
2) Registry amt. to be paid through cheque or cash
3) Since, last 3 years I have started job and regularly filing ITR 1, in current financial year How to disclose all of this irrespective of payment through cash or cheque.
4) Please help me in guiding to file ITR also regarding purchase of the same, loan and interest on loan amount.

It is requested to please provide the solution as it is the tremendous situation in which I got stucked.

Your earliest reply will be highly appreciated.

Best Regards
Rahul

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