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Balance sheet

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(Querist)
28 June 2019 If we preparing first time Bal sheet can we show previous back 2-3years assets and accumulated depreciation and same can claim in itr
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 June 2019 You can prepare Bal sheet and can show previous back 2-3years assets and accumulated depreciation. Claim only one year depreciation in income tax.
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SNEH PRAKASH

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SNEH PRAKASH (Querist)
29 June 2019 Sir but how balance sheet get tallied in itr
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 June 2019 Balance sheet you show as you wish.
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