Tag: ITR

Table of contents What is Schedule Asset and Liabilities and when it is applicable? Where to enter Schedule AL in the Income Tax Software? What is Schedule Asset and Liabilities and when it is applicable?  Income Tax Department has section AL from A.Y. 2016-17 called Asset and Liability ,Schedule AL ,in ITRs which is applicable in cases where the total

Table of contents Solution : Step 1: Step 2:  Important Notes in case of Presumptive Income (44AD / 44AE / 44ADA) who cannot file ITR-4 Income from more than one house property; or Income from winning of lottery or income from Race horses; or Income taxable under section 115BBDA; or Income of the nature referred to in section 115BBE; or Income