banner_ad

Jewellery show in balance sheet

A/c entries 8024 views 10 replies

a small bussiness of furniture work by individual and he want to show his jewellery in balance sheet of bussiness as investment can it possible ?

Replies (10)
it is a proprietor and he can show as investment

Yes, u can show your jwellery as a investment in balance sheet.

Yes, it can be shown as investment
what if the same jewellery has been gifted to you by your relative years before ,
will it attract any tax as gift from relative is exempt ??
it will be chargeable to capital gain tax..oNly when the said jwellery will be sold...and no taxability for gift received from Relatives who comes under the defination of Income Tax Act

thanks to all for suggest me

 

sir, some person showing jewellery (since 15 years) as a part of capital (value of jewellery not shown separately), and put a note about the quantity of jewellery in her ITR. 

Please let me know, how to separate the jewellery from capital and how can i show this as investment. 

is it better to continue in the same way or better to change the way of presenting in ITR.

Thanking you sir

Thank you for sharing such an insightful and well-written blog post. The clarity of your writing and the depth of your analysis made it a pleasure to read. To explore more, <a target='_blank' rel='nofollow' href="https://sites.google.com/view/s-best-deal-store/home" target="_blank">click here</a>.

"Sorry, I am not a featured member."

For featured members contact.... https://www.caclubindia.com/catalogue/featured.asp

 

I appreciate the practical examples and real-life anecdotes you've included in your post. They make it more relatable. To learn more, <a target='_blank' rel='nofollow' href="https://sites://google.com/view/best-fashion99/home" target="_blank">click here</a>.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details