I am preparing individual balance sheet for the first time, my residential status is RNOR. Should I include my foreign assets as well in the balance sheet? or only assets in the India are sufficient?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182297 Points)
Replied 13 June 2018
If you are preparing it for your own records, better to include everything.
If for ITR, it is not mandatory for RNOR, unless any declaration in specific schedules, wherever applicable .....
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