Asset Liability ( AL Section ) in ITR2

Vinay Katiyar (DM) (81 Points)

10 September 2020  

Hello Sir,

I would like to understand, if i am filling AL sheet in ITR2 do i need to include ?

1. EPF Balance

2. Super Annuation Balance

3. National Pension Scheme Balance etc.

4. Public Provident Fund Balance etc

5. Insurance Policies 

If yes, how do i calculate the Cost of the these assets, every year interest gets added. It is not possible to find how much i have contributed 

Also Last year while filing ITR2, with advice from one consultant in our office, i entered Market value of assets in my AL schedule. If i change it to cost of asset this year , will there be an issue. 

Any suggestions ?

Thank you,

Best Regards,