Tag: ITR AL schedule

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

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) …