How to enter property details purchased in itr1

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Sir, my friend purchased property fy 2016-17 jointly with his wife above 50L with home loan , but he is salaried person he will file ITR1 how to show purchased property details in Incometax Return. please kindly help how to show this details
Replies (5)

As such it is not required to be disclosed, as there is no income/gain while purchase.

If you wish to declare your assets like these, you will be required to file ITR 3  ..........

sir,

Thank you Sir for your quick Reply, but ITR 3 for business people , he is salaried person if we file ITR1, and information not given any problem will raise or not

 

 

 

No problem in filing ITR 1, when source of income is only salary and IFOS.. like..........

Problem arises only when there is any concealment of income.

When department doesn't ask these details (like purchase of any pesonal effects) in the form, you are not at fault !!!

Thank you sir, I will file  ITR 1

My pleasure


CCI Pro

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