LatestIncome Tax 6 October 2026
Tax Dept Flags Rs 67L Jewellery Disclosure
The woman reported ancestral jewellery worth Rs 67,39,949 in Schedule AL of her income‑tax return. The tax department initially added the amount to her assessment, later removed it citing old records, and also turned down her claim for a Rs 12 lakh HUF brokerage deduction.
- A woman listed ancestral jewellery valued at Rs 67,39,949 in Schedule AL of her income‑tax return.
- The tax department first added the amount to her assessment, then deleted it, citing reliance on older records.
- Her request for a Rs 12 lakh HUF brokerage deduction was rejected.
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