| Question And Answer | |
|---|---|
| Subject: | how to check procedure in itr filed returns purposes of purchases of new land |
| Category: | Income-Tax |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | ITR, undisclosed income |
| Date: | March 4, 2025 |
sir,
The it tax payer purchases of new land purposes confirm sufficient money in filed itr returns.
Question:
Assessee how the check procedure in it returns.
The ITR itself does not have a specific “check procedure” to confirm sufficient money for a land purchase. Instead, it’s a tool to declare income and assets, which the tax authorities use to cross-verify financial capacity during scrutiny. To avoid issues, the assessee should ensure their declared income, savings, or exempt sources (like loans or gifts) logically support the land purchase and retain supporting documents for potential audits.
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