Itr3

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RONI

RONI (Querist)
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30 August 2019 Sir.
Personal Effects to be shown under which head in Balancesheet of ITR3

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 August 2019 Personal effects need not be shown in balance sheet.

RONI

RONI (Querist)
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30 August 2019 Sir, Some accountants are showing Personal Effects in their business balance sheet.Whether Sir this treatment is correct.
Sir if personal effects neednot to show in balancesheet. Sir then there will difference in Balancesheet.

RONI

RONI (Querist)
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30 August 2019 SIR , it means that only business balancesheet require to fill in ITR 3.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 August 2019 Difference in balance sheet adjust in capital account.
Yes only business balance sheet require to fill in ITR 3

Person assets disclose in assets and liabilities schedule.

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