income tax return in last page waht was the meaning

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Querist : Anonymous (Querist)

15 December 2016 Schedule AL Asset and Liability at the end of the year (other than those included in Part A – BS of the return of the Firm in which partner) (Applicable in a case where total income exceeds Rs. 50 lakh) IN ITR 4 OR ITR 3 IN LAST PAGE WHAT WAS THE MEANING FOR THE ABOVE ANY ONE EXPLAIN PLEASE total income exceeds means for that particular F.Y or what ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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15 December 2016 For Ay 2016-17 individual or HUF total income more than Fifty lakhs in a year has to disclose Asset and Liability details immovable and movable asset and Liability in relation .
A/L if income exceed particular financial year where your income exceed the limit.

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