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Itr3 fixed assets

21 May 2021

in proprietor case

in balance sheet of itr 3 form

in fixed asset gross blok

what figure i can fill total assets ?

or
only that assets on which i claim depritiation

because i am not claiming depritiation on all assets

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8 Replies

Sivaramaraju G (Learner) (2398 Points)
Replied 21 May 2021

As there is no separate rows for depreciable and non depreciable fixed assets you can keep the total amount of all fixed assets whether depreciable or not and deduct depreciation from it.

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 21 May 2021

Only the depreciable assets should be shown

Sivaramaraju G (Learner) (2398 Points)
Replied 21 May 2021

@ Sourav, Then where he will show balance non depreciable fixed assets in balance sheet in ITR 3??

sabyasachi mukherjee (27403 Points)
Replied 21 May 2021

IN ITR 3 THE DEPRECIABLE ASSETS AND NON DEPRECIABLE ASSETS BOTH ARE TO BE ACCOUNTED FOR.

DEPRECIATION SCHEDULE AS PREPARED TO BE SHOWN IN ITR 3. NO DEVIATION FROM FINANCIAL DISCLOSURE.I MEAN TO SAY AS PER THE FINANCIAL STATEMENTS PREPARED.