Schedule al in itr

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Student
28 Points Posted on 12 August 2019

Hi,

Wanted some clarification regarding Schedule AL in ITR.

  1. Does primary house where individual  is staying included in Section A -> 'Do you own any immovable asset' of Schedule AL in ITR2?
  2. Does mutual funds debt and equity investments also goes into 'Details of movable asset' under 'Financial asset'  category?
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On 12 August 2019 at 22:51 Report
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17269 Points Posted on 12 August 2019
Both items to be shown in AL Schedule
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On 12 August 2019 at 23:11
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205 Points Posted on 13 August 2019
No. U should not fill in AL schedule. Only those assets are not routed through balance sheet is only fill here . Also applicable to person whose income exceeds 50 lakhs
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On 13 August 2019 at 07:27
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Student
28 Points Posted on 13 August 2019

In context to person whose income exceeds 50 lakhs ->
Where would debt mutual fund investment entries be filled in schedule AL? It cannot go to 'Financial Asset ->  a) Bank (including all deposits)  and also B) Share and Securities'.

Equity mutual fund can probably be stated under 'Share and Securities' but not debt mutual fund.

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On 13 August 2019 at 08:40

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