Asset recognition in ITR 3

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5 Points Posted on 08 October 2021
whether a small milk agent can show his land which is not used for buisness purpose as asset in ITR 3 WITH appreciation in land value
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On 08 October 2021 at 21:14 Report
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This discussion explores whether a small milk agent can include land, not used for business purposes, as an asset when filing their ITR 3. The question specifically asks if the appreciated value of such land can be declared. The general consensus suggests this is not permissible.

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Profession
28269 Points Posted on 09 October 2021
I do not think so
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On 09 October 2021 at 06:33
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Chartered Accountant
24588 Points Posted on 10 October 2021
Not applicable
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On 10 October 2021 at 06:18

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