Hi,
Do I need to show FY end balance of PPF and EPF in Balance Sheet.
Can I show it under cash equivalents in Assets?
Hi,
Do I need to show FY end balance of PPF and EPF in Balance Sheet.
Can I show it under cash equivalents in Assets?
Hey @Puneet_Jain,
The balance of EPF and PPF accounts need not be declared in the balance sheet of your business. However, if your total income exceeds ₹50 lakhs, you need to file schedule AL (Schedule Asset Liability) where you can disclose your personal assets and liabilities including the EPF/PPF balance.