BALANCE SHEET INHERITED PROPERTY

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Gaurav

Gaurav (Querist)
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04 March 2017 Do I need to show the properties which I have inherited in the balance sheet

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 March 2017 Yes. you can take valuation as on assets received date and accordingly show in balance sheet

Gaurav

Gaurav (Querist)
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04 March 2017 is it mandatory..what if I don't?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 March 2017 You are asking for individual or business ?

Gaurav

Gaurav (Querist)
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05 March 2017 individual

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 March 2017 Yes. it is required to show for proper disclosure

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BALANCE SHEET INHERITED PROPERTY

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