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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2013 Is there any issue if i dont show any jewellery as asset in my tax return but show the same in wealth tax return

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2013 Please help at earliest

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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07 April 2013 No problem but the source of acquisition of jewellery is by way of purchase then you have to show the same in your Balance Sheet and if you do not want to show then debit the same as withdrawals and reduce your capital accordingly this can be done even now

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