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Personal assets require 4 salaried employee morethan 10 lac?

ITR Filing 422 views 1 replies

Friends, 

My client is a Salaried Employee , earned during  FINANCIAL YEAR  2012-2013 of  

RS . 13,10, 527/= as Gross Salary .

 

My Question :

Is it necessary to give any Personal Asset details in ITR- FORM for A.Y 2013-2014 ????

Please response as early as possible ..

 

Thanks.

Replies (1)

Personal assets details are not asked in the ITR, unless the individual is carrying on business/profession and has fixed assets used for the purpose of business/profession. 

In case the individual is earning income from a personal assets such a flat or office premises, then the rental income will have to be disclosed under income from house property. 


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