ITR AL schedule capture assets, liabilities details not net worth. For AY 2016-17 Schedule AL is applicable if total income exceeds Rs.50 lakh
May 10, 2016
Income Tax
ITR AL schedule capture assets liabilities not net worth details. Press Release of Finance Ministry dated 10/05/2016 Declaration of Assets & Liabilities in the new ITR forms Central Board of Direct Taxes (CBDT) have released new income-tax return forms with mandatory provisions of declaring Assets & Liabilities (A&L) …