An unlisted company is required to furnish details of assets and liabilities in the Schedule AL-1 of ITR-6? Please clarify whether details of assets held as stock-in-trade of business are also required to be reported therein.

Asset reporting: aggregate values for stock-in-trade suffice in unlisted-company tax returns; itemwise particulars not required.

Unlisted companies must report assets and liabilities in Schedule AL-1. If jewellery or motor vehicles are held as business stock, select 'stock-in-trade' for the purpose of use and provide only aggregate values in the relevant table(s); itemised particulars of each stock-in-trade asset need not be submitted.