ITR 6

This query is : Resolved

soniya (Querist)
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27 September 2019 Company has some under construction flats held as investments. While filing asset and liability schedule AL-1 in ITR 6 we have to select the purpose for which asset is held. But there is no option of choosing purpose as Investment. So whether we have to disclose the investment in AL-1 and if yes which purpose needed to be selected?

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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04 June 2020 https://taxguru.in/income-tax/cbdt-issues-faqs-filing-itr-5itr-6-itr-7.html
https://www2.deloitte.com/content/dam/Deloitte/in/Documents/tax/in-tax-authorities-publish-faqs-completion-income-tax-return-forms-noexp.pdf
https://cleartax.in/s/schedule-al-itr-applicability
https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Instructions_ITR_6_AY_2019-20.pdf
https://www.caclubindia.com/forum/itr-6-schedule-al-1--527908.asp