Hello,
Builder has cancelled the booking of a flat made by my deceased mother and refunded the original booking amount. The amount has been received in mine and my brother's account. Do we need to declare this income in our ITR ?
2 Replies
Kapadia Pravin
(17259 Points)
Replied 25 August 2019
This was your mother's money (booking amount) which has been now refunded by builder. it's a capital receipt and no disclosure in ITR
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