Add Personal Assets and Liabilities
If your total income exceeds ₹1 crore, you're required to report your personal assets and liabilities while filing your income tax return. This helps the Income tax department assess your financial position more accurately.
Steps to Add Personal Assets and Liabilities
Go to File > Additional Details
Navigate to Personal Assets & Liabilities > Add Personal Assets
Choose the type of asset > Select where it is held
Enter the required details and click Save
To add liabilities, switch to the Liabilities tab > click Add Personal Liabilities
Fill in the relevant fields like Description, Liability Type, and Value, then click Save
Once you've added all your assets and liabilities, your total asset value, liabilities, and net worth will be displayed at the top of the screen.
Need Help?
If you're unsure or need assistance, raise a ticket and our team will guide you.
Steps to Add Personal Assets and Liabilities
Go to File > Additional Details
Navigate to Personal Assets & Liabilities > Add Personal Assets
Choose the type of asset > Select where it is held
Enter the required details and click Save
To add liabilities, switch to the Liabilities tab > click Add Personal Liabilities
Fill in the relevant fields like Description, Liability Type, and Value, then click Save
Once you've added all your assets and liabilities, your total asset value, liabilities, and net worth will be displayed at the top of the screen.
Need Help?
If you're unsure or need assistance, raise a ticket and our team will guide you.