If total income exceeds 50 lacs only because of CG from sale of immovable property do we still have to submit Asse Liability Statement. Excluding such gains TI is around 20 lacs.
Ramadevi Srinivasan (CA Job) (61 Points)
21 July 2024If total income exceeds 50 lacs only because of CG from sale of immovable property do we still have to submit Asse Liability Statement. Excluding such gains TI is around 20 lacs.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167675 Points)
Replied 21 July 2024
Yes, filling AL in this case mandatory.
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