Schedule a l (assets & liability) in itr-4

MITEN SHAH (SELF OCCUPIED) (47 Points)

16 September 2014  

I am filing ITR-4 bfor A.Y. 2014-15. As per ITR form Schedule A L has to be fill if annual income exceeds Rs.25 Lakhs. 

My query is what amount should i have to take in considerations for LAND, BUILDING, SHARES,INSURANCE POLICIES & JEWELLERY ?

I understand that i have to mention cost of such assets when i acquire or purchase. 

I am confused about the Insurance policies. Please explain that i have to mention premium amount paid during Ass.Year 2014-15 (A/C Year: 2013-14) or total sum insured or all premium paid up to 31/03/2014 or surrender value/ NAV (for ULIP) ?

Please experts are requested to reply in detail with necessary clarifications.

Hope for best & early replies.