COMMERIAL PROPERTY LOAN
This query is : Resolved
06 November 2019
Dear Sir,
We are engaged in Proprietory Business of Electronics Goods. We have Purchased one Commerical Shop and gave on Rent that shop .& Shop is in Personal A/C of Priopriteor .we have purchased shop through Loan From HDFC Bank. Bank has Charged us Franking Charges , Processing Charges. We should debit all this in P& L A/C or we should Capitlised Theses Expenses.Pls Suggest us with correct Answer.
Thanks
We are engaged in Proprietory Business of Electronics Goods. We have Purchased one Commerical Shop and gave on Rent that shop .& Shop is in Personal A/C of Priopriteor .we have purchased shop through Loan From HDFC Bank. Bank has Charged us Franking Charges , Processing Charges. We should debit all this in P& L A/C or we should Capitlised Theses Expenses.Pls Suggest us with correct Answer.
Thanks
27 May 2020
You can debit these amount to Income Statements
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
