As far as i know furnishing AIR details rests with ' specified persons' ie the Banks, MF, Real Estate Companies, RBI etc. Assessee need not file AIR. For more info http://www.incometaxindia.gov.in/archive/FAQonAIR_11072008.pdf & http://www.tin-nsdl.com/anninforeturn.asp
2 comments:
DEAR BHATJI,
PLEASE CLARIFY IS IT NECESSARY????
IS IT NECESSARY IF ONE INVESTS IN EQUITY SHARES; THEN WHAT IS MINIMUM LIMIT TO DECLAIR IN AIR?
RS 2 LAKH LIMIT FOR MUTUAL FUNDS IS VERY LESS.IT SHOULD BE INCREASED TO MINIMUM 10 LAKHS OR IT SHOULD BE MATCHED WITH THE EQUITY INVESTMENTS.
Hello,
As far as i know furnishing AIR details rests with ' specified persons' ie the Banks, MF, Real Estate Companies, RBI etc. Assessee need not file AIR. For more info http://www.incometaxindia.gov.in/archive/FAQonAIR_11072008.pdf & http://www.tin-nsdl.com/anninforeturn.asp
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