Menu
Accounting head
Respected All
My query is
Amount deposited in Capital Gain scheme(54F) will be shown under which head Current Asset or Investment in balance sheet ??
Replies (2)
Hiiii,
The amount deposited under capital gain scheme is shown under the head current assets as its intention is not to invest rather it is for purchasing a new house or construction of the house.
Thank you sir for your valuable reply .
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
