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J&K govt amends rules governing declaration of assets by govt employees

11-01-2022: Jammu and Kashmir government has amended the rules governing declaration of assets by government employees. J&K government employees will now have to declare details of only those moveable assets whose value exceeds his/her two months’ salary. Before the amendment, the employees had to declare details of their moveable properties if their value exceeds 20,000 rupees.

According to the new rules, the employees need to declare details of their cash balance, saving bank deposits, shares, cash certificates, fixed deposits, debentures, security bond jewellery/ornaments, and household items (electric and electronic items only) in their annual returns.