Itr-2 filling of assets in balance sheet

Others 1918 views 3 replies

I am filling ITR-2 for the first time. In the schdule of balance sheet, in asset section, in which sr no should I fill the principle accumulated in Employee Provident Fund? Thanks in advance.

Replies (3)

There is no Balancesheet requirement in ITR2. And no need to file ITR 3 if you do not have business income (wher Balancesheet schedule is there)

For Individuals having Income > 50 lakhs, it is mandatory to fill schedule AL. In which all moveable and  immoveable assets need to be declared.

In this there are following options available at (iv) of Section B (Moveable Asset)

a) Bank (including all deposit)

b) Shares and Securities

c) Insurance Policies

d) Loans and Advances given

e) Cash in Hand

So Principle balance in Employee Provident Fund (EPF) shall be filled either in (a) or (b).

I am confused in which serial should I fill? Or it is not required to be declared?

Thanks in advance.

Fo Schedule AL (& not Schedule BS), you can declare it under " b) Shares and Securities."


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