Itr-2 al



In ITR-2, Under section AL, Assets needs to be declared.

Please let me know, whether we need to declare -

1) PPF balance as on 31st Mar 17 , Under which head ?

2) Do we need to declare investments done under RBI Bonds, Tax free Bonds, If yes, under which head ?

3) Do we need to declare Gold held for investment , whose cost is unknown as it is invested with like 1 gms every month etc. ?

Please guide in details about this section AL as this is new for us.

 
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Team GST Experts

Al to be declared only when total income exceeds Rs 50lakhs

 
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Thanks. Yes, I am aware of this so the querries.

Also, does term insurance to be mentioned under insurance policies ?

 

 
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Team GST Experts

rajender ji show every above assets under investment column.

further for gold amount take the rate as applicable upon 31.03.2017 for the grams u held on that date

 
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