Schedule al-1 of itr-6

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ritesh (Querist)
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03 September 2019 If any company has invested in mutual funds etc. then is it required to give the details of mutual funds in AL-1 of of ITR-6. With that if any company has done 1000’s of transaction of sale purchase of shares, mutual funds etc. then is it necessary to show all entries or any other solution is there.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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27 May 2020 Schedule AL-1 of ITR-6 (assets and liabilities)
This schedule must be completed by unlisted companies to provide details of assets and liabilities
as at the year-end. The FAQs clarify that the requirement does not apply to unlisted foreign
companies.
Where jewelry or motor vehicles are held as stock-in-trade, the purpose code “stock–in-trade”
must be selected in table H (details of motor vehicle, aircraft, yacht or other mode of transport)
and table I (details of jewelry, archaeological collections, drawings, paintings, sculptures, any work
of art or bullion) and only the aggregate values provided.
Foreign assets held during the FY reported in schedule FA also must be reported in schedule AL.

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