27 July 2018
I am running a Proprietory Business. In column E-18 of ITR-4 (Sugam) of Fixed Assets, what types of fixed assets will be shown in this column? Can I show in my ITR-4, E-18 Column, my Saving Bank fixed deposits/post office Fixed deposit/ MIS of my name ? Can Fixed Deposit can be shown in other assets column E-24 ? Give me your expert advice.
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27 July 2018
Yes... You can show the FDs in Other Assets Column.
In E18 you can show your fixed assets under your proprietory business like Furniture and Fittings, Vehicles, Plant and Machinery, Electrical Fittings and other assets...