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.
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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