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Declaration of Assets & Liabilities in the new ITR forms

News and Press Release - Dated:- 11-5-2016 - Press Information Bureau Government of India Ministry of Finance 10-May-2016 17:37 IST Central Board of Direct Taxes (CBDT) have released new income-tax return formswith mandatory provisions of declaring A .....

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the previous year exceeded ₹ 25 lakh. The Wealth-tax Act primarily captured the information regarding assets of specified taxpayers. With a view to reduce compliance burden, the Wealth-tax Act was made inapplicable from A.Y.2016-17 with the sti .....

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