Purchased of gold bullion in itr3
This query is : Resolved
19 April 2019
Dear Experts,
I m a proprietor of marketing firm, I paid advanced to purchased 250gm gold bullion to be delivered in December 2019, where should I add this in fixed assets or investments category on itr3 fy18-19
I m a proprietor of marketing firm, I paid advanced to purchased 250gm gold bullion to be delivered in December 2019, where should I add this in fixed assets or investments category on itr3 fy18-19
Amol S Joglekar
(Expert)
19 April 2019
if it is for investment, include it under invest. If it for business, include under trade advance
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