WHERE TO MENTION LAND VALUE IN ITR AS I HAVE PURCHASED LAND APPROX 70 LACS FOR CONSTRUCTION OF HOUSE IN FUTURE
REGARDS
PAWAN
3 Replies
gbalakrishnan
(owner)
(1373 Points)
Replied 14 June 2013
very IT is a half baked law so it is not cnsidered as a substantial law, as it undergoes changes under finance bills every year under its rules which are rudderless and so moves haphazardly and confuses assessees like you as alsi the very revenue officers. so a lot of cases are filed but till the ITAT decides there is only individual revenue officers perception . Though ITAT did good work as far as understanding facts of the matter, yey legally honorable high courts decide on interpretation of very Act so matters go to high courts and sometimes reach honorable supreme court. thanks
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