Accounting for land sale by pvt ltd company in installments
This query is : Resolved
16 August 2011
My Client a Private Ltd Company have Two Directors & Shareholder Like A & B.
They make a agreement with same company to sold their individual Land to public in installments & Pay to company.
My question is what is the best accounting treatment of above transcation.
They make a agreement with same company to sold their individual Land to public in installments & Pay to company.
My question is what is the best accounting treatment of above transcation.
16 August 2011
directors of same company selling land of self company? does it give any relief to them? tax can not be avoided / reduced by the company to any extent.
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