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.
Al to be declared only when total income exceeds Rs 50lakhs
Thanks. Yes, I am aware of this so the querries.
Also, does term insurance to be mentioned under insurance policies ?
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
CAclubindia
