ITR - 6: SCHEDULE (AL-1)

8649 views 12 replies
While filing itr-6, for unlisted Company it is mandatory to fill AL-1.
But the company has no assets and liabilities. As we are not filing the AL-1, it is showing an error.

kindly provide your opinion
Replies (12)
Try by putting 0 in coloumns of AL1

hI lOKESH...HOW DID U RESOLVE THIS? FACING SAME ISSUE..

or any other experts have a resolution to this?

Facing same issue, please help.

I have got two solutions from discussion :
1. either to file return with error, or
2. fill "0"

Filling 0 doesn't help because it requires a proper pincode (which can't start with 0) and proper date. 

Fiing with error also may not help as it may be treated as defective return.

In Part C (Details of listed equity shares) of Schedule AL-1

1) Put everything as Zero (0)
2) Type of shares = Equity Shares.

And it accepts it without error.

Dont fill anything else. Just fill Part C only.

If you have filled anything else then click on "checkbox" and then click "delete" to erase that entry.

New ITR-6 return released yesterday. (26-Sep-2019)

It now has a question on top of schedule AL-1

Do you have Assets and liabilities as at the end of the year as mentioned in Schedule AL-1?

Just answer NO to it.

Yes the problem is resolved... It was technical error in the form

Hi,

In ITR-6, Schedule AL-1 , are we to include details of Stock in Trade as well as Investments/Assets?

Schedule AL (Assets and Liabilities) is a section in the Income Tax Return (ITR) where a taxpayer discloses information about their assets and corresponding liabilities. This schedule requires the taxpayer to provide details about the values of assets and liabilities at the end of the financial year. The disclosed assets encompass immovable property (real estate), movable property (personal possessions), and financial assets owned by the taxpayer. Liabilities disclosed in this schedule include all obligations related to these assets. By providing this information, taxpayers offer a comprehensive view of their financial position to tax authorities.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register