Not show tangible assets in itr

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2016 I HAVE A 1 CAR 2 TRACTOR AND 4 BIKES BUT NOT SHOW IN ITR NOW I WANT TO SHOW IT SO WHAT I DO.....PLS SUGGEST ME

CA Suresh Jain

CA Suresh Jain (Expert)

08 December 2016 Revise your return of income

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2016 I HAVE FILE ITR AFTER DUE DATE SO IT IS NOT POSSIBLE AND FILING ITR 4S SHOW INCOME UNDER 44AD SO HOW TO SOLVE THIS PROBLEM

CA Suresh Jain

CA Suresh Jain (Expert)

08 December 2016 As per section 139(5) of the Income-tax Act, 1961, the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment by the income tax department, whichever is earlier. Please take action accordingly

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2016 OKKK BUT SIR IS IT POSSIBLE TO SHOW ALL TANGIBLE IN ITR 4S

CA Suresh Jain

CA Suresh Jain (Expert)

08 December 2016 Yes and you must show under appropriate heading

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2016 there is option to show under itr 4s sir so which heading i choose

CA Suresh Jain

CA Suresh Jain (Expert)

08 December 2016 In Schedule AL, it will accept only if your income is more than 50 Lakh. If your income is below 50 Lakh then you need not file the detail of assets

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