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The prescribed form of the return shall, in certain specified cases, require the assessee to

furnish the particulars of -

(i) income exempt from tax;

(ii) assets of the prescribed nature and value, held by him as a beneficial owner or

otherwise or in which he is a beneficiary;

(iii) his bank account and credit card held by him;

(iv) expenditure exceeding the prescribed limits

 

Such details are now required to be submitted in various ITR Forms in different cases

  1. Income Tax
  2. Return of Income
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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