30 January 2018
In ITR'S. Say in ITR 4S now ITR4 there is optional clause FINANCIALS PARTICULAR in sheet NOB BP and in sheet AL (Mandatory in case where total income exceeds 50 lakh) when we left it as blank it will shown as zero in xml file. My Q is whether Income tax department deemed that we don't have such particulars or not considered that zeros.
31 January 2018
It's mandatory from FY 2015-16 (assessment year 2016-17) forms was made via introduction of Schedule AL. This schedule asks for value of assets and liabilities of the taxpayer, if annual taxable income is more than Rs 50lakhs.
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