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Notional Capital Gain on Land

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(Querist)
09 December 2016 What is Accounting Treatment of Notional Capital Gain in Books of Accounts..? Experts plzzz help me
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 December 2016 You need not account for any notional capital gain in books of account
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Vishal Kumar

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Vishal Kumar (Querist)
11 December 2016 But if we show it in Our Balance Sheet then...?
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 December 2016 Why ? are you revaluing assets ?
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