Please tell me that when we will show the details of assets in case of taxable income exceeds Rs. 25 Lakhs in ITR form.
and also provide detailed provisions.
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Disclosure in itr in case of income exceeds rs.25 lakhs
Replies (1)
Dear Shraddha,
The disclosure is to be made in the sheet provided in the ITR form. The disclosure of all foreign assets was introduced last year. And from ay 2013-14, disclosure of all assets is required for those assesses, having an income exceeding Rs. 25,00,000
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