Cost of land
Querist : Anonymous
at what amount the Land can be shown in books
Only regis amt of 11 lakhs to be paid in chq and remng in cash
what are the tax implication...
can cash amt pid be added to COA.
if it is a part of FA, cost to acquire the land.
if it is a part of FA, cost to acquire the land.
Querist : Anonymous
Amt paid to seller is Rs. 27 lac but the guideline value on which regs is done is around 12 lacs, then remng amt to be paid in cash henceforth whether the amt paid in cash is also to be included in cost of land.
If you show actual amount, you will be in trouble.
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