https://www.taxtmi.com/forum/issue?id=115419 A question was raised whether jewellery held by a private company must be furnished as "assets" in the income-tax return, given that "assets" might include inventories. The commentator stated that jewellery constituting the main part of the business is trading inventory and would not be treated as fixed assets for the purpose of filing, inviting further views. en-us Tue, 10 Sep 2019 15:58:02 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115419 A question was raised whether jewellery held by a private company must be furnished as "assets" in the income-tax return, given that "assets" might include inventories. The commentator stated that jewellery constituting the main part of the business is trading inventory and would not be treated as fixed assets for the purpose of filing, inviting further views. Discussion-Forum Income Tax Tue, 10 Sep 2019 15:58:02 +0530 https://www.taxtmi.com/forum/issue?id=115419