Income tax return
Trainee (Accounts Executive) (325 Points)
19 February 2014
Why there is no need to show purchase of jewellery in I.T.R of salaried individual? ? Plz explain me..
4 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 19 February 2014
You need to show the Income for the Previous Year. Your investments details and all are up to you whether you want to enter or no. Ultimately the crux is the IT Department wants tax.And investing in any product does not attract tax liability ( generally )
You can reach me for any queries at
rajcdoshi @ gmail.com
Trainee
(Accounts Executive)
(325 Points)
Replied 20 February 2014
U mean that investment in jewellery does not attract tax??
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 20 February 2014
Yes. Investment in jewellery does not attract tax.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 20 February 2014
Yes . Investment in jewellery does not attract income tax
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