1. Who needs to declare assets like land / house / jewels, any income limits for that ? 2. If plot bought and house constructed by salaried, whether they need to declare in their income tax return ?
20 December 2016
1 Those having taxable income of 50 lacs and above have to declare such assets in the return. 2 No need of declaration if income not exceed 50 lacs.
CAclubindia
