Itr

This query is : Resolved 

25 September 2015 Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query

Please confirm, the field ‘Partners’/members’ capital’ provided in Form ITR-5 denotes the Fixed Capital Balance of Partners or it also includes the ‘Current Account Capital Balance’.

Your reply, please..............

Please confirm, is it appropriate to consider the Partners’ ‘Current Account Capital Balance’ as ‘Any Other Reserve’ in Form ITR-5.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

26 September 2015 1.Fixed as well as current account balances.

2.Do not include C/a capital balance in 'any other reserve'.


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