Notings like: loans to/ from relatives and cash in hand/bank
This query is : Resolved
27 January 2017
Sir,
In case of an assess who is a salaries person and filing ITR-1. He give a sum of Rs. 2 Lakh to his brother and Recieves Rs. 4 Lakh from his father. where to show.
2. He also want to show his balance of cash in Hand and in bank as on 31.03.2016. Where to show
In case of an assess who is a salaries person and filing ITR-1. He give a sum of Rs. 2 Lakh to his brother and Recieves Rs. 4 Lakh from his father. where to show.
2. He also want to show his balance of cash in Hand and in bank as on 31.03.2016. Where to show
28 January 2017
Disclosure of such assets and liabilities required only when your taxable income exceeds 50 lacs during the year. Still if you want to disclose it, disclose such assets and liabilities under Schedule AL of ITR 1.
02 February 2017
B. Liability in relation to Assets at A
*Point's 2a iv. Loans and Advances given: This will not reflect in ITR-1,2, and 2A. *
*Point's 2a iv. Loans and Advances given: This will not reflect in ITR-1,2, and 2A. *
02 February 2017
No need to disclose such small amount in ITR.
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