Hello,
This is regarding schedule AL in ITR2. I had two questions:
1. Do term insurance need to be included under category "insurance policies"?
2. How is post office PPF treated? Is it to be included under category "bank deposits"?
Thanks & Regards
Bose
1. No, its treated as expenses
2. Better under securities....
Thanks for the reply. I have a follow-up question:
Is health insurance also to be treated as an expense, or does it need to be included under "insurance policies"?
what should the value of insurance policies that has to be filled in ITR2 in AL ? i have ULIPs
CAclubindia
