My Purchase Value of Land is Rs. 10,67,910/- and Gold Ornaments is Rs. 1,35,200/- which will be take place in my Balance sheet in Assessment Year 2009-2010, But How can I Show it in my ITR (in which place of ITR) ?
My Purchase Value of Land is Rs. 10,67,910/- and Gold Ornaments is Rs. 1,35,200/- which will be take place in my Balance sheet in Assessment Year 2009-2010, But How can I Show it in my ITR (in which place of ITR) ?
IT WILL NOT SHOWN IN ITR.IT WILL BE DEDUCTED FROM YOUR CAPITAL IN CAPITAL A/C.AND THE CLOSING BALANCE OF CAPITAL A/C IS THE ONLY FIGURE SHOWN IN ITR
Hi............
If this assets are to be shown in the balance sheet and if you are filling ITR 4 then You can show this assets in the balance sheet given in the ITR itself.. And details of purchase of each asset will be provided as an addition in the schedule given there by...
In ITR 4 you can show the figure in the balance sheet. If you have income other than business then it will not be shown anywhere in the return. This is how the return is.
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