Assets disclousure
This query is : Resolved
16 August 2013
namaskar sir,
in disclousure of personal assets do we have to disclose the cost of the asset or its market value..for ex. my house was made in the year 1976 may be at the cost of 100000 but now its market value is more than 1 crores,, now which figure to disclose
thanks in advance
in disclousure of personal assets do we have to disclose the cost of the asset or its market value..for ex. my house was made in the year 1976 may be at the cost of 100000 but now its market value is more than 1 crores,, now which figure to disclose
thanks in advance
26 August 2013
you can show only cost value in books and in notes you can show the market value.
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