Land Mutation, Registry and Conversion Charge treatment
This query is : Resolved
10 June 2021
What would be the accounting treatment of expenses incurred towards Land mutation charges, registry charges and land conversion fees under the two scenario:
1. If Land registry, mutation and conversion fees are reimbursable by the Govt under a scheme?
2. No such scheme is there?
Thanks in Advance
Regards
1. If Land registry, mutation and conversion fees are reimbursable by the Govt under a scheme?
2. No such scheme is there?
Thanks in Advance
Regards
10 June 2021
1 Keep it under receivable.
2 Capitalise to land.
2 Capitalise to land.
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