Salary Employies - Plots Purchase on Installments

by Amit Jain
(Bangalore)

I am working in IT company and am getting tax deduction on my whole salary . I have purchased open land/plot on installments.do i need to declare the land amount?

I asked my account department and they have told that for salary employes not require to declare the plot amount as you are paying the tax on salary but not getting understand that how i can make my assets as i am not declaring the amount.

i am little bit confuse because now the plot rate is one lakh and i am sure after 2 year it would we near about three lakh and i have purchase 3 plots so how i will adding in my asset.

Please clear my query asap.