Presentation of trade payable in itr-6
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2015
Hello Guys
Pl clearfy the meaning of trade payable in balance sheet.
There are 2 option provided by the income tax department
1. Loan term liabilities
a)Trade Payable
b)Others
2.Current Liabilities
a)Trade Payable more than one year
b)Other
My question is why department shows trade payable under 2 different Head having same meaning.
Thanks & Regards
Pl clearfy the meaning of trade payable in balance sheet.
There are 2 option provided by the income tax department
1. Loan term liabilities
a)Trade Payable
b)Others
2.Current Liabilities
a)Trade Payable more than one year
b)Other
My question is why department shows trade payable under 2 different Head having same meaning.
Thanks & Regards
Rupesh Jain
(Expert)
13 February 2015
you can show under the current liability head.
13 February 2015
opt for current liability.........
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