https://www.taxtmi.com/forum/issue?id=4449 A sole proprietor need not necessarily disclose a personal residence in the ITR 4 proprietorship balance sheet; if disclosed in Part A BS, the property should be classified as a fixed asset and the corresponding home loan shown under loan funds. Omission may raise concern about undisclosed investment, though ITR1/2 do not require personal asset disclosure. en-us Tue, 31 Jul 2012 11:56:40 +0530 Thu, 23 Jan 2025 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4449 A sole proprietor need not necessarily disclose a personal residence in the ITR 4 proprietorship balance sheet; if disclosed in Part A BS, the property should be classified as a fixed asset and the corresponding home loan shown under loan funds. Omission may raise concern about undisclosed investment, though ITR1/2 do not require personal asset disclosure. Discussion-Forum Income Tax Tue, 31 Jul 2012 11:56:40 +0530 https://www.taxtmi.com/forum/issue?id=4449