Schedule al
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2018
hi,
Individual is engaging in construction business having income above so he has to file schedule AL.
my question is only his personal assets has to mention or all assets like assets shown in balance sheet plus his personal assets.
Like he has 2 cars Personal not shown in balance sheet of business. 4 other cars which used for business shown in balance sheet.
show all 6 cars shown in schedule AL ?
Individual is engaging in construction business having income above so he has to file schedule AL.
my question is only his personal assets has to mention or all assets like assets shown in balance sheet plus his personal assets.
Like he has 2 cars Personal not shown in balance sheet of business. 4 other cars which used for business shown in balance sheet.
show all 6 cars shown in schedule AL ?
CA R SEETHARAMAN
(Expert)
02 November 2018
Only personal assets and liabilities to be shown. Business assets and liabilities disclosed in the balance sheet need not be shown again.
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