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
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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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