Land cost - as 7
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2011
Should land cost to be considered for the purpose of calculation of Contract Cost under AS 7?
01 August 2011
Land is generally purchased by the contractee and as such it may not form part of the cost of construction.
01 August 2011
I agree with the expert
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
- 44AD VS 44AB AUDIT
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- Query Regarding Adjustment of Income Tax Refund Against Interest Liability
- Multiple GST under same PAN
- Mode of payment of Tax
- GST Rate on Bakery Items registered under composition scheme
- Purchase of property from NRI
- TCS ON SALE OF GINNING MACHINERY AS SCRAP
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
