Sir,
Would appreciate if someone can attend to my query for filing ITR-3
Where should I show the advance amount of Rs.2 L received by me in March 2019 as a token money against sale of House Property? So far, I have received only this much and the deal may take some more time to complete.
An early response will help me to file my return.
Thanks
V.K. Kukkal
No agreement was made or registered while receiving the advance. It was a token money received vide cheque on good faith. If the deal does not materialize, I may even return the money. Any ways, that may not happen but it may take some time.
@ kapadia Pravin
You mean to say, I should show that amount against 6(b) Sundry Creditors in BS! Mine is NO ACCOUNT CASE.
| NO ACCOUNT CASE |
6 | In a case where regular books of account of business or profession are not maintained -furnish the following information as on 31st day of March, 2019, in respect of business or profession) | |||||||
| a | Amount of total sundry debtors | 6a | |||||||
| b | Amount of total sundry creditors | 6b | |||||||
| c | Amount of total stock-in-trade | 6c | |||||||
| d | Amount of the cash balance | 6d | |||||||
Shall I proceed with it. Thanks for your suggestion.
Thanks Pravin; so kind of you.
Pravin, do I have to show the same advance amount in P/L A/c too under Gross Receipts?
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