What is Schedule Assets and Liabilities (Schedule AL)?

Poojitha Raam Vinay pro badge , Last updated: 24 August 2023  
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What is Schedule AL? Schedule AL is a statement of disclosure of assets and liabilities which the taxpayer shall disclose in the Income Tax Return (ITR). This was introduced from AY 2016-17. Where in the case of an assessee, there is a balance sheet the Schedule AL need not be filed if the applic

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Poojitha Raam Vinay
(Practice )
Category Income Tax   Report

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