Bank Accounts in Balance Sheet for ITR 3
This query is : Resolved
Quick Summary
07 July 2026
I have Bank Account which is used by me for Transactions related to my Income from Business.
I also have other bank accounts which is used for transactions related to other heads on Income like Income from SaIary,CapitaI Gains , Interest Income etc
When I prepare Balance Sheet and P/L Account for filing ITR 3,whether I need to show bank balances of All Bank Accounts or I can show Bank Balance of only Business related Bank.
Income which is generated in other bank accounts will be shown in respective Income heads
Please guide
I also have other bank accounts which is used for transactions related to other heads on Income like Income from SaIary,CapitaI Gains , Interest Income etc
When I prepare Balance Sheet and P/L Account for filing ITR 3,whether I need to show bank balances of All Bank Accounts or I can show Bank Balance of only Business related Bank.
Income which is generated in other bank accounts will be shown in respective Income heads
Please guide
08 July 2026
If the said account is covering all the business related transactions, you can declare the single account.
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08 July 2026
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