ITR - 6 Filing, Income Tax

[Ethirajan Parthasarathy]

Companies have to furnish details of “assets” including Jewellery, Painting etc., Unfortunately, it is not mentioned as “Fixed Assets”.

Assets naturally includes inventories also. Does it mean a Private Company having a Jewellery Shop has to furnish details of jewellery for the above requirement in ITR 6

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

In my view, the jewelly (main part of the business) will not come under the Fixed assets category. Other views are welcomed.