Declaration of Purchase of Plot

Dear Sir,

I have purchased a plot worth Rs. 450000 /- . Source of funds were as follows: a) Loan from Husband: Rs. 100000 /- b) Gift From Husband Rs. 50000/- c) Sale of Shares Rs. 138000 /- Balance from my saving account .

While filing my IT return do , I need to declare these transactions anywhere. Pl advice.

Regards

N Kal

asked Aug 03 '11 at 13:06 by pkal 1111


There is no need to declare property purchase. There is no option on IT return to capture same if are filing ITR1 or ITR2.

You may have to declare share sales under short term/long term capital gains.

answered Aug 04 '11 at 00:43 by pankaj 5.2k320

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Asked: Aug 03 '11 at 13:06

Seen: 995 times

Last updated: Aug 04 '11 at 00:43