Asha Kanta Sharma (Manager - Finance & Accounts) 26 May 2020
You have to show your Income and eligible deduction, investment. These Expenses or Asset can not be shown in ITR. However you may approach CA to prepare and PL and BS in which you may show it as an asset.
CA Arun Kumar Tiwari (CA in Practise) 28 May 2020
In this case, Mobile is purchased after the year end then Cut Off procedure should be followed and this expense is regarded as Personal Expense .So it should not be shown in Balance Sheet Asset side of Rs.10999.