Reply on High Value transaction

Akash (proprietor) (82 Points)

01 January 2024  

Dear Experts,

I got a message from income tax department reg high value transaction.

in my case it is of buying the property of Rs 59 Lac (which i bought afer sell of my parental home).

I have already shown the interest paid amount (As loss) and Principal paid (as 80C) in my ITR-4.

 

What should be the reply I should select while replying

(1) Information is correct

(2) Source is receipt of Gift which is not taxable

(3) Information is not fully correct

(4) Information relates to other PAN/Year

(5) Infofrmation is duplicate/included in other information

(6) Information is denied