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Assets disclose in itr

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2016 Dear Experts
I am partner in partnership firm and i have purchased the car Rs. 978000 pls tell me do i need to disclose this car In my return or not

Regds
Ankit
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 November 2016 Whether the car is in ur name or in the name of partnership firm, u must have to disclose the purchase of Asset.
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2016 Sir in ITR3 where this car's value will be disclose
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 November 2016 U can show it in the last sheet (in AL sheet) in ITR 3.
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2016 Sir will this car value be exempt

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