05 July 2022
1) For entering details in Sch AL - under sub heading Gold Jewellery - how do you sub-divide between your wife and your self. My wife files tax separately. She has inherited jewellery from her mother and mother-in-law , I have bought some Gold Jewellery for her over the years and she has received some as wedding gift. I have bought jewellery as gift for others - like my daughter and relatives on wedding occasions in the past year. What do I show in my tax filing under this sub-heading heading under Sch AL?
2) In Sch AL : Bank Balances and Cash at Hand - are these to be shown as of 31-March balances ?
07 July 2022
In Schedule AL under the sub-head 'Insurance Policies' - what is to be entered? Sum Assured values of policies ? In case of Annuity Schemes (like LICI Jeevan Akshay) - do we add the principal amounts?
CAclubindia
