I’m a daily subscriber of The Hindu BusinessLine . I’ve question relating to ITR-2 Excel kind supplied by the federal government for AY2020-21. Though I’m not a proprietor or a co-owner of any property, ITR-2 pops up with the message, ‘Home Property Particulars Obligatory in Schedule HP’. And after we point out the property particulars owned utterly by partner or others, the shape shows the sector worth for ‘your proportion of share within the property’ as 100 per cent. Why has it been made obligatory to say property particulars in Shedule HP of ITR-2 regardless that the property just isn’t co-owned or not in any of my family members’ title ? Learn how to take care of this? Is that this a bug in ITR-2 of AY 2020-21.
I perceive that you’re attempting to file your tax return for Evaluation 12 months 2020-21, ie, Monetary 12 months (FY) 2019-20 and you don’t personal any home property in the course of the topic monetary 12 months. We want to point out that home property particulars haven’t been made obligatory for the aim of submitting of tax returns. Please use the hyperlink: tinyurl.com/itrutilities
The author is a practising chartered accountant. Ship your queries to [email protected]