Details of liabilities to be included in Schedule AL-1 of ITR6

[Debtosh Dey]

Can anybody clarify as to ITR-6 Schedule AL-1 whether 'details of liabilities' would include creditors, loans & advances. There are some doubts expressed as the format includes amounts received and interest which normally apply to loans and advances received and not creditors.

AI Summary

Clarification Needed on Including Creditors, Loans, and Advances in Schedule AL-1 of ITR-6 A participant in a discussion forum raised a query about the details of liabilities to be included in Schedule AL-1 of ITR-6, specifically questioning whether it should encompass creditors, loans, and advances. The concern is based on the format, which mentions amounts received and interest, typically associated with loans and advances rather than creditors. This has led to some confusion and the need for clarification on the matter.