Dear Experts,
There is a tab named โSchedule IFโ in ITR-3 of AY 19-20. What is the meaning of โCapital balance on 31st March in the firmโ field in that tab? Is it Total Capital Balance of the firm or Amount of share of the individual (assessee) in the Total Capital of the firm?
E.g if the Total Capital of the firm as on 31st March is Rs. 20 lakhs in which the individualโs share is Rs. 10 lakhs, what amount should I put in that aforesaid field? Is it 20 lakhs or 10 lakhs?