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Proprietor fund

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(Querist)
17 June 2017 Dear Experts,

how to treat with prop's fund in ITR 3, is it same of last year mention in return
or any fluctuation have to made, if yes then wht is the treatment
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
17 June 2017 Proprietor fund will fluctuate with respect drawings and addition or deletion of profit or loss. So all adjustment to be made to arrival of property fund.
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Ashish Khillan

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Ashish Khillan (Querist)
17 June 2017 last year profit is also adjust in fund or only which invest in business is adjusted ?



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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
18 June 2017 Profit, loss,drawings, Tax paid is all out of left out profit or loss, after adjusting left out to be transfer to fund.

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