About asset and liability statement

To declare a gifted LED TV in your annual return:

• List the item in the Movable Property statement.

• Categorize the acquisition method as "Gift."

• Disclose the giver's details (name, address, and relationship to you) in the appropriate column.

• Estimate the value based on its current condition or cost at the time of receipt.

• Check your department's specific threshold for reporting movable assets to ensure compliance.