Notice u/s 50 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2017
HELLO, A PROPERTY WAS PURCHASED IN 4 LACS BUT CIRCLE VALUE WAS 7 LACS . ITDEPTT ISSUED NOTICE DIFF OF 3 LACS, CAN IT BE SHOWN IN U/S 56 OTHER SOURCE OF INCOME AND FILE ITR, BEFORE APPEARING ITO, IS ITO BOUND TO ACCEPT THE ITR.OR WHAT EXTENT ITO CAN GO....THANKS IN ADVANCE WITH GREETINGS OF HAPPY DEEPAWALI TO ALL.
18 October 2017
01. You can go by section 56 if you want.
02. Else you can refer the case to valuation officer.
02. Else you can refer the case to valuation officer.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2017
sir my point is whether filing of itr will be beneficial showing income u/s 56
19 October 2017
it is NOT the question of BENEFITs......refer to valuation officer and then, the difference if any can be offered as income from other sources under section 56
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