ARCHANA (Account Assistant) (1011 Points)
15 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 15 July 2017
As such it is not required to be disclosed, as there is no income/gain while purchase.
If you wish to declare your assets like these, you will be required to file ITR 3 ..........
ARCHANA
(Account Assistant)
(1011 Points)
Replied 15 July 2017
sir,
Thank you Sir for your quick Reply, but ITR 3 for business people , he is salaried person if we file ITR1, and information not given any problem will raise or not
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 15 July 2017
No problem in filing ITR 1, when source of income is only salary and IFOS.. like..........
Problem arises only when there is any concealment of income.
When department doesn't ask these details (like purchase of any pesonal effects) in the form, you are not at fault !!!
CAclubindia
