Immivable property soures of income

purushotham (Querist) 10 July 2012 This query is : Resolved
sir,i am central govt employee ..i purchaged one apptartment not yet registered .as per sevice rules i have to inform my dept.
appt cost.20lakhs
loan sant16.8lakhs
balance 4 lakhs given to builder from my wife account.
now there are the source of income.
how to show?
in that 2.35 lakhs from FD deposit it was deposited by father in law after marriage.can show this amount.

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ajay sethi (Expert) 10 July 2012
purchase flat in joint names with wife . you can show wife has contributed rs 4 lakhs . i presume your is income tax payee . she must have shown gift received from father in her returns of rs 2.35 lakhs . balance cna be her savings .

also consult your CA

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