Itr4

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2014 Dear Sir,
Vat payable for March 2014 is Rs. 58000/-.
Which we have deposit on 15th of April 2014.

Now filing part balance sheet of itr 4 I should mention this amount of 58000/- in Deferred tax liability
or
in
the column of other provision.

Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 September 2014 No. It should be shown under current liabilities.

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2014 But if we see in part BS or itr4, there is only two columns - sundry creditors
or
other provision.

Now option to select?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 September 2014 In my view most suitable would be Sundry Credtors sonce it is not a provision amount.

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