Schedule of Assets and Liabilities for the year AY 2017-18

In the case of Individuals OR HUF, with income more than Rs. 50 lakh a year, a Schedule of Assets and Liabilities, has to be provided with details such as description and address of immovable properties (Valuation of the Immovable Property is Cost includes the valuation under Sec 49(1) also), bank deposits, shares, insurance policies, loans, cash in hand, investments in partnership firms, etc in the Income Tax Return.

Tags : #EZTax.in, #Asset-Declaration, #Income-Tax-Return, #ITR

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s