Schedule AL entries
This query is : Resolved
05 July 2022
1) For entering details in Sch AL - under sub heading Gold Jewellery - how do you sub-divide between your wife and your self. My wife files tax separately. She has inherited jewellery from her mother and mother-in-law , I have bought some Gold Jewellery for her over the years and she has received some as wedding gift. I have bought jewellery as gift for others - like my daughter and relatives on wedding occasions in the past year. What do I show in my tax filing under this sub-heading heading under Sch AL?
2) In Sch AL : Bank Balances and Cash at Hand - are these to be shown as of 31-March balances ?
2) In Sch AL : Bank Balances and Cash at Hand - are these to be shown as of 31-March balances ?
05 July 2022
1. Your jewelries are what you purchased for self and gifts received (including inherited).
2. Yes, those are balances of 31 Mar.
2. Yes, those are balances of 31 Mar.
07 July 2022
In Schedule AL under the sub-head 'Insurance Policies' - what is to be entered?
Sum Assured values of policies ? In case of Annuity Schemes (like LICI Jeevan Akshay) - do we add the principal amounts?
Sum Assured values of policies ? In case of Annuity Schemes (like LICI Jeevan Akshay) - do we add the principal amounts?
07 July 2022
Only costs are mentioned.
Enter total payments until 31-Mar
Enter total payments until 31-Mar
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