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

About the Author

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 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.