Schedule AL-1 – Detail of Assets and Liabilities of Unlisted Companies AY 2026-27

Schedule AL-1 – Detail of Assets and Liabilities of Unlisted Companies AY 2026-27

‘Schedule AL-1’ in the Income Tax Return (ITR) form is applicable to unlisted companies (other than start-ups). Such companies must furnish a detailed statement of assets and liabilities as on the last day of the previous year. This schedule ensures transparency in the disclosure of high-value assets, investments, and liabilities held by unlisted companies.

Schedule AL-1 requires the disclosure of immovable properties, including both residential and non-residential properties, with details such as address, acquisition cost, and intended use. The schedule also captures information on investments in listed and unlisted equity shares, other securities, and capital contributions to other entities, including relevant financial details and identification particulars. Additionally, it requires disclosure of loans and advances made (if not part of regular business), ownership of high-value assets such as vehicles, jewellery, or artworks, and liabilities in the form of loans or deposits taken from non-financial institutions.

This schedule applies to ITR-6.