Income tax return

385 views 5 replies

hii all.....

 

One of client has made investments in fixed deposit in banks.

While filing ITR of the client i am not getting any coloumn of the fixed deposit under investment.

So is it ok to show under "BALANCE WITH BANKS"

please suggest

thanks

 

Replies (5)

Garvit, first of all it seemsthat you want to know the balance sheet treatment, Its OK to show under Other current assets

Originally posted by : saloni
Garvit, first of all it seemsthat you want to know the balance sheet treatment, Its OK to show under Other current assets

DEAR saloni,

fixed deposit is made for one year ...so which is better option??

A)  to show under other current assets along with other amts of current asset OR

B) show under balance with banks

thanks

 

option A is still a better option.
Originally posted by : Tribhuvan Aditya Singh
option A is still a better option.

thanks dear aditya and saloni

Yes, in taht case also show under other current assets

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