26 December 2023
I have filed the ITR2 in AY 2023-24. I have purchased the house property on joint name of my self & spouse costing Rs.2.40 cr by availing the housing loan. We both are salaried person having total annual income of Rs.37 lac pa.
Now I have received the notice. As there is no option in ITR to show the purchase of property transaction. I have deposited the TDS @ 1% on the amount paid to builder. Please guide what should be my reply to ITD.
26 December 2023
Did you disclose the income from house property as self occupied or rented in the ITR of both self and spouse. Claim deduction for interest and repayment of loan in ITR. If so reply to the notice.
CAclubindia
