hii all.....
One of client has made investments in fixed deposit in banks.
While filing ITR of the client i am not getting any coloumn of the fixed deposit under investment.
So is it ok to show under "BALANCE WITH BANKS"
please suggest
thanks
garvit bharti (CA FINAL) (370 Points)
09 August 2014hii all.....
One of client has made investments in fixed deposit in banks.
While filing ITR of the client i am not getting any coloumn of the fixed deposit under investment.
So is it ok to show under "BALANCE WITH BANKS"
please suggest
thanks
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 09 August 2014
Garvit, first of all it seemsthat you want to know the balance sheet treatment, Its OK to show under Other current assets
garvit bharti
(CA FINAL)
(370 Points)
Replied 09 August 2014
| Originally posted by : saloni | ||
 |
Garvit, first of all it seemsthat you want to know the balance sheet treatment, Its OK to show under Other current assets |  |
DEAR saloni,
fixed deposit is made for one year ...so which is better option??
A) to show under other current assets along with other amts of current asset OR
B) show under balance with banks
thanks
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 09 August 2014
garvit bharti
(CA FINAL)
(370 Points)
Replied 09 August 2014
| Originally posted by : Tribhuvan Aditya Singh | ||
|
option A is still a better option. | |
thanks dear aditya and saloni
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 09 August 2014
Yes, in taht case also show under other current assets
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