ITR Query Form 3

Dear Sir, In balance sheet we have advance received from sundry debtors.
so while filling ITR 3 under current Liablity below column have so where can i show
1. SUNDRY creditors
2.Liablity for Leased Assets
3.interest accured on above
4.interst accured but not due on loans.
Replies (5)
Quick Summary
This discussion addresses a query regarding the correct placement of 'advance received from sundry debtors' within the Part A Balance Sheet of ITR 3. The user is seeking clarification on how to report sundry creditors, liabilities for leased assets, and accrued interest. The suggested solution points towards Table 4 (Advances), specifically either 4(i) for related parties or 4(ii) for others, with a preference for 4(ii) for 'Advances... Others'.

You have to report  in Part A  Balance  sheet  in Table 4 ( Advances)  either in 4(i) or 4(ii)  , whichever is appropriate .I think  4(i) is Advance form  related party ,and 4(ii) others . just confirm and take more opinion on this before reporting in ITR3 . 

Dear Sir,
please reply

Advances,,,,,,,,,, Others,,,,,, 4(ii).......

Thank you very much Sir,

You are welcome.     

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