Filing Balance sheet in ITR 3
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
01 February 2022
Sir, while filling Balance Sheet for one of my client in ITR 3, in which head following should be filled :
a) Capital in Partnerhsip Firm - Whether it is a Other Current Asset or investments or ?
b) Fixed deposits/NSC/KVP etc. - Whether Investments or ?
c) Household Effects/Assets - Fixed Assets or other Current Assets
d) Advances received for sale - ?????
e) Advances paid against purchases - ??????
a) Capital in Partnerhsip Firm - Whether it is a Other Current Asset or investments or ?
b) Fixed deposits/NSC/KVP etc. - Whether Investments or ?
c) Household Effects/Assets - Fixed Assets or other Current Assets
d) Advances received for sale - ?????
e) Advances paid against purchases - ??????
CA R SEETHARAMAN
(Expert)
01 February 2022
a Investment.
b Investment.
c current assets.
d current liabilities Advance received.
e current assets Advance paid
b Investment.
c current assets.
d current liabilities Advance received.
e current assets Advance paid
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