Total income more than 25 lacs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2015
if total salary income more than 25 Lacs after deduction then whether i have to show assets detail in ITR also.
CA PARAS BAFNA
(Expert)
14 December 2015
In my view, it is not mandatory for the SALARIED assessee. For persons having business/profession income of Rs 25.00 lac
then disclosure of assets is mandatory.
.
then disclosure of assets is mandatory.
.
CA CS LAVESH VASYANI
(Expert)
14 December 2015
Disclosure of details of assets and liabilites if taxable income exceeds 25L is applicable to business \ professuion only.
It is not applicable to Salaried person.
It is not applicable to Salaried person.
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