Now, Taxman wants a break-up of your net worth

The new set of Income Tax Returns (ITR) forms which were unveiled on 31st March 2016 by the Central Board of Direct Taxes (CBDT) will include a new schedule — schedule AL to all ITR forms (including ITR 1). In this, if you earn more than Rs 50 lakh a year, the I-T Department wants you to declare the break-up of your net worth. read more at http://shopsandhomes.com/blog/index.php/2016/04/now-taxman-wants-a-break-up-of-your-net-worth/