For AY 2013-14 do RESIDENT INDIVIDUALS with no foreign assets have to declare their Indian assets in their IT Return efiling if their taxable income is less than Rs11 lacs arising out of salary/pension,Bank interest,agricultural income.
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Asset declaration in efiling
Replies (2)
Hi Mr. Rajendra,
Provisions regarding 'Assets Declaration' in ITR is related to FOREIGN ASSETS only. No declaration regarding Indian Assets.
Your Indian assets could include :-
House Property - details are already there in ITR
Other Specified Assets - They have been taken care under Wealth Tax Act
Any Other Assets - i.e. Indian Assets - NO declaration required
Thanks for the info
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