capital gain on land
This query is : Resolved
Tausif ali
(Querist)
26 July 2017
i purchased land in fy 2016-17 for investment purposes (personal).
i do business
whether i need to show this land in balance sheet??
CA Rashmi Gandhi
(Expert)
26 July 2017
Depends on your income & return..... Alsp required to show in Balance Sheet.
18 October 2021
No. Personal investment do not reflect in business financial statements.
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