ITR3 QUERY
Vaneet Monga (Private) (265 Points)
06 April 2024in balance sheet we have credit side some amount. received advance from debtors. so while filling ITR3 where I can show
please suggest
Vaneet Monga (Private) (265 Points)
06 April 2024
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 06 April 2024
if the net total of debtors itself is in "credit" then show it under sundry creditors. If only debtors have paid you in advance, then reduce the amount from overall debtors.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 06 April 2024