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Itr3 fixed assets

931 views 8 replies
in proprietor case

in balance sheet of itr 3 form

in fixed asset gross blok

what figure i can fill total assets ?

or
only that assets on which i claim depritiation

because i am not claiming depritiation on all assets
Replies (8)

As there is no separate rows for depreciable and non depreciable fixed assets you can keep the total amount of all fixed assets whether depreciable or not and deduct depreciation from it. 

Only the depreciable assets should be shown

@ Sourav, Then where he will show balance non depreciable fixed assets in balance sheet in ITR 3??

IN ITR 3 THE DEPRECIABLE ASSETS AND NON DEPRECIABLE ASSETS BOTH ARE TO BE ACCOUNTED FOR.

DEPRECIATION SCHEDULE AS PREPARED TO BE SHOWN IN ITR 3. NO DEVIATION FROM FINANCIAL DISCLOSURE.I MEAN TO SAY AS PER THE FINANCIAL STATEMENTS PREPARED.

Gross block includes non depreciable assets

Hi Mithesh,

 

you have to show total of gross block of fixed assets which includes depreciable and non depreciable assets. 

Non depreciable assets should also be shown at 0% depreciation
Mites,
you hv both with you the gross block of assets.


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