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form 4 &form -4s

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2014 respected sir,
when we file itr-4s ,we disclose income only to the department.if we file itr-4 we disclose our business assets also to the department.i want to know is in disclosing assets to department whether we get some sort of endorsment to our assest from department or it makes no difference.please discuss
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 April 2014 there is no endorsement from the department. however, department does take a look at the declared assets to check whether you have any undisclosed income or not.
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