Construction Co.

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Shobhit mantri (Querist)
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16 October 2008 How & When can the land owner recognised the land revenue & how the accounting under construction company has been made .

Required detailed information if any regarding construction Co. in both accounting & income tax aspects

Thaks for reading
Regards
Shobhit

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Guest (Expert)

16 October 2008 The accounting for construction company follows the AS-8"Accounting for construction company" and revenue is also recognised as per AS-8.

Kindly study the AS-8 for deep and clear knowledge about it

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