Income tax
This query is : Resolved
08 July 2017
One of the clients has Income from Salary.He has purchased of Car above 10 Lakhs .Under which Head it has to be shown?
09 July 2017
under no head. It is a personal expense. No disclosure required unless the annual income is more than Rs 50 lakhs. In case the income does exceed Rs 50 lakhs, disclose all assets including the car in the AL sheet of the ITR.
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