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Inherited money from cancelled property transaction, Income Tax

Issue Id: - 115358
Dated: 25-8-2019
By:- sumit sharma
Inherited money from cancelled property transaction

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Hello,

Builder has cancelled the booking of a flat made by my deceased mother and refunded the original booking amount. The amount has been received in mine and my brother's account. Do we need to declare this income in our ITR ?

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1 Dated: 25-8-2019
By:- DR.MARIAPPAN GOVINDARAJAN

Yes. You have to show the same.


1

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