Menu
Salary income above 50 lakh
Dear friends,
Pls tell me, salaried person whose salary above 50 lakh is also require to disclose all the assets in itr from ay 16-17.???
Replies (5)
Hi Vishal,
Disclosure of assests for all taxpayers having income exceeding 50lakhs including salary is mandatory.
yes Mr.Vishal, if assessee has total income above Rs.50Lakh he is required to disclose specified assets and liabilities in his ITR form
Thank you Saurabh sir...
Thanks Harshal.....
How about someone earning around 49 lakh, is he also expected to disclose all assests . What is the most efficient breakup for such a salary ?
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
