Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Disclosure of self occupied house property

Manav Kakkad (1 Points)

26 March 2022

Under which section/rules disclosure of self occupied house property is required?

Reply
Follow
Share

6 Replies

sabyasachi mukherjee (27167 Points)
Replied 26 March 2022

The assesment year in which you hv constructed the property that needs to be disclosed in the itr.Now if there is further accretion to the property I.e. increase in rental income , the same needs to be disclosed.

Upgrade to CAclubindia Pro. Subscribe Now!

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 27 March 2022

Section 22 to 25 prescribes the disclosure of self occupied property under income tax

sabyasachi mukherjee (27167 Points)
Replied 27 March 2022

An individual cannot disclose it unless he files a return. Suppose tax is paid by an assesse now the assesse can't get refund/ adjustment unless he files the return.
So SEC 22,SEC 25 is not pertinent.