Hi,
I have a business in which i have received certain as advance from a customer in march but i would be suppling and billing the customer in April (Next fin. year). I have shown in under Income received in advance as current liablities.
In ITR3 (AY 2017-18) there is no provision for Income reveived in Advance under the current liablities section.
Kindly guide me as to how i should account for the same.
(Also i have checked ITR5, they have a special row for Income received in advance)
NS