As per the Indian Income tax law, citizens are obligated to report their entire Assets and Liabilities if the total income exceeds ₹50 lakh. Paisa helps with the computation of the amount.
|immovable||A (1)||Immovable Assets|
|metal||B (1) (i)||Jewellery, bullion etc.|
|art||B (1) (ii)||Archaeological collections, drawings, painting, sculpture or any work of art|
|vehicle||B (1) (iii)||Vehicles, yachts, boats and aircrafts|
|bank||B (1) (iv) (a)||Financial assets: Bank (including all deposits)|
|share||B (1) (iv) (b)||Financial assets: Shares and securities|
|insurance||B (1) (iv) (c)||Financial assets: Insurance policies|
|loan||B (1) (iv) (d)||Financial assets: Loans and advances given|
|cash||B (1) (iv) (e)||Financial assets: Cash in hand|
All you need to do is to specify the accounts that belong to each section. Paisa will compute the total as on the last day of the previous financial year.