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ITR-4 Balance Sheet

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(Querist)
13 August 2010 Dear Sir,

While filling of ITR-4 where should we take Investment amount made in firm as partner where should we take in Balance Sheet.

Thanks in advance
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
13 August 2010 IN COLUMN 2 (a) (ii)
YOU CAN SHOW IT.
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Shaik Shair Ali

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Shaik Shair Ali (Querist)
13 August 2010 i think it should come on assets side not on liabilities side as we have made investment
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
14 August 2010 your investment is business liability. amount include in liability side as loan and simultaneously assets side increase in form of bank or cash as the case may be.

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