Schedule al itr-2

C Reddy (Entreprenuer) (133 Points)

09 July 2019  

Respected Members,

In Schedule AL of ITR-2 where one has to declare their assets and liabilities if total income is more than Rs.50 Lakhs, what should be the amount to be declared under Insurance Policies? Is it the amount paid as premium for the financial year or amount insured?

Please advice.

Thank you.

Regards
Chandana