My first question.
1.AS-10 is not applicable to livestock then what will be the treatment for the entity having 10 horses? If i am not the dealer of livestock and if i am in both the cases what will be the treatment?
My second question
2.AS-10 is not applicable for expenditure on real estate development ,explain me what I have written in my second question's line of as-10,what it wants to say and why,is there any reason behind these?