#PersonalFinance | #Tax season alert! Income over ₹50 lakh? Declare movable and immovable assets in Schedule AL of ITR forms 2 or 3.
#TaxFiling #ITR
(Shipra Singh reports)
https://www.livemint.com/money/personal-finance/schedule-al-tax-returns-itr-taxpayers-immovable-property-financial-assets-liabilities-11718602464204.html#:~:text=According%20to%20the%20income%20tax,ITR%20forms%202%20or%203
#TaxFiling #ITR
(Shipra Singh reports)
https://www.livemint.com/money/personal-finance/schedule-al-tax-returns-itr-taxpayers-immovable-property-financial-assets-liabilities-11718602464204.html#:~:text=According%20to%20the%20income%20tax,ITR%20forms%202%20or%203
mint
Here's how to accurately declare assets in Schedule AL of your ITR
Taxpayers with incomes exceeding ₹50 lakh must declare their assets in Schedule AL of ITR forms 2 or 3, including immovable property, financial assets, and liabilities
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#PersonalFinance | Navigating India's #IncomeTax filing? Choose the right ITR form to avoid penalties. From salaried professionals to freelancers, here's your guide to filing correctly and on time #ITR #TaxFiling
(Sashind Ningthoukhongjam writes)
https://www.livemint.com/money/personal-finance/itr-forms-f-o-trade-taxpayers-mutual-funds-late-filing-nri-property-online-games-11719894665667.html#:~:text=Submitting%20the%20wrong%20form%20may,income%20tax%20notices%20or%20penalties.
(Sashind Ningthoukhongjam writes)
https://www.livemint.com/money/personal-finance/itr-forms-f-o-trade-taxpayers-mutual-funds-late-filing-nri-property-online-games-11719894665667.html#:~:text=Submitting%20the%20wrong%20form%20may,income%20tax%20notices%20or%20penalties.
mint
Income tax deadline looms: Know your ITR forms to avoid penalties
While filing the ITR within the due date is crucial, filing it in the correct form is equally important to avoid income tax notices or penalties
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#PersonalFinance | Navigating #Tax season? Indian employees of #Nvidia face the task of declaring their stock options and RSUs in their income tax returns, as these are treated as foreign assets under Indian tax law. #TaxFiling
(Shipra Singh writes)
https://www.livemint.com/money/personal-finance/own-foreign-stocks-or-mnc-esops-omit-them-from-itr-at-your-peril-11720008230093.html
(Shipra Singh writes)
https://www.livemint.com/money/personal-finance/own-foreign-stocks-or-mnc-esops-omit-them-from-itr-at-your-peril-11720008230093.html
mint
Own foreign stocks or MNC Esops? Omit them from ITR at your peril
These assets are to be disclosed in Schedule FA every year that you hold them, and not just when you sell. Failing to do so could attract hefty fines and prosecution under the Black Money Act.
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