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income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2010 Sir,
I want to know can i show residential house property which not for the purpose of business in balance sheet of my client?
and if i show such then can i added such amount in capital or any other side of liabilities for tallying such amount in balance sheet, and can i claim dep.?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 January 2010 We cannot show the Residential house property which is not for the purpose of Business
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
17 January 2010 no
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