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Assets valuation in individual ITR


Tamanna Fashion Store   25 May 2020

Tamanna Fashion Store

 23 points

| My Other Post

I purchased a mobile phn last year after year ending.

can I show it in asset for individual ITR 3 filing 2019-20 and what value I should put now , I purchased at 10999 rs?

Thanks.

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     26 May 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 105 likes  5137 points

View Profile | My Other Post

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.


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