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Deposits in Bank
-
Report the total balance of all your bank accounts as of 31st March 2017.
-
Include all savings bank accounts, current accounts, fixed deposits, and any other such deposits you hold with banks.
-
In case of joint accounts, divide the amount proportionally.
Eg: for a joint account with two holders, divide the account balance by two. -
In case you have a foreign bank account, convert the balance into Rupees and include the amount here.
Use RBI's reference rate on 31st March or any closest rate you can find.
Shares and Securities
-
Include all mutual fund units, stocks (listed or unlisted) and any other securities (eg: bonds, debentures, etc).
-
Report the total purchase cost of your holdings. Do not report current market value.
Refer to your account holding statements for this. -
This includes any unlisted shares and securities you may hold.
Eg: If you have any exercised stock options.
Exception: If you have startup stock options that have not yet been exercised. -
This includes any international holdings you may have (including RSUs).
Convert values to Rupees using RBI's reference rate on 31st March or any closest rate you can find. -
Derivatives (futures and options) are not considered securities and you may skip including their value here.
Insurance Policies
-
Report the sum assured for any insurance policies that you may hold (life insurance term policies, etc).
Asset valuation
-
You should use your original purchase price for your assets in this schedule.
-
If you had received any asset (house, etc) as a gift, then the cost should be the amount that was paid by whoever had purchased it originally.
Does not need to be exact. -
If you cannot find the original purchase price, then use an estimated market value.
For property, use appropriate circle rate. For assets like gold, use the appropriate market rate / bullion rate. -
For any assets that are jointly owned (eg: a house with two co-owners), declare your share here in proportion to your ownership percentage.
Deposits in Bank
-
Report the total balance of all your bank accounts as of 31st March 2017.
-
Include all savings bank accounts, current accounts, fixed deposits, and any other such deposits you hold with banks.
-
In case of joint accounts, divide the amount proportionally.
Eg: for a joint account with two holders, divide the account balance by two. -
In case you have a foreign bank account, convert the balance into Rupees and include the amount here.
Use RBI's reference rate on 31st March or any closest rate you can find.
Shares and Securities
-
Include all mutual fund units, stocks (listed or unlisted) and any other securities (eg: bonds, debentures, etc).
-
Report the total purchase cost of your holdings. Do not report current market value.
Refer to your account holding statements for this. -
This includes any unlisted shares and securities you may hold.
Eg: If you have any exercised stock options.
Exception: If you have startup stock options that have not yet been exercised. -
This includes any international holdings you may have (including RSUs).
Convert values to Rupees using RBI's reference rate on 31st March or any closest rate you can find. -
Derivatives (futures and options) are not considered securities and you may skip including their value here.
Insurance Policies
-
Report the sum assured for any insurance policies that you may hold (life insurance term policies, etc).
-
TODO
Asset valuation
-
You should use your original purchase price for your assets in this schedule.
-
If you had received any asset (house, etc) as a gift, then the cost should be the amount that was paid by whoever had purchased it originally.
Does not need to be exact. -
If you cannot find the original purchase price, then use an estimated market value.
For property, use appropriate circle rate. For assets like gold, use the appropriate market rate / bullion rate. -
For any assets that are jointly owned (eg: a house with two co-owners), declare your share here in proportion to your ownership percentage.
Vehicles
-
Report total purchase price for any vehicles (cars, bikes, etc) you own.
-
Use original purchase value, do not apply any depreciation.
Liabilities
-
Report outstanding loan amounts (eg: home loan) that are in relation to these above assets.
-
Use the total outstanding amount due on 31st March 2017.
-
Tip: Secured loans (eg: home loan) are usually secured by your assets and should be reported here.
Unsecured loans (eg: credit card debt, education loans) are usually not in relation to the assets reported here and should be skipped.
Vehicles
-
Report total purchase price for any vehicles (cars, bikes, etc) you own.
-
Use original purchase value, do not apply any depreciation.
Liabilities
-
Report outstanding loan amounts (eg: home loan) that are in relation to these above assets.
-
Use the total outstanding amount due on 31st March 2017.
-
Tip: Secured loans (eg: home loan) are usually secured by your assets and should be reported here.
Unsecured loans (eg: credit card debt, education loans) are usually not in relation to the assets reported here and should be skipped.