my client is a professional. his balance sheet includes personal fixed asset (house property) on which no depreciation is claimed as its used for personal use.
my query is
1) in 3cd clause 18 , do i have to show only those fixed assets on which depreciation is claimed (i.e exclude house property)
2) but in ITR i will have to include house property . otherwise my balance sheet will not tally.
by doing so , wdv of fixed assets will be different in ITR and 3CD.
Is this correct??
pls guide
CAclubindia
