Purchase of Property
This query is : Resolved
20 August 2010
Dear Sir,
The value of property (House/Land) purchased shown in Balance Sheet should include registration charges & stamp charges or only we should take sale consideration amount?
Thanks in advance
The value of property (House/Land) purchased shown in Balance Sheet should include registration charges & stamp charges or only we should take sale consideration amount?
Thanks in advance
20 August 2010
All assets incurred to purchase the house and expenditure on transfer paid by the buyer should be capitalised under fixed assest.
20 August 2010
Thanks
20 August 2010
U can also thank by using the thank user icon.
Message likes :
1 times
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
- House Property Reporting in ITR
- TDS Claim year
- Supply through E-commerce Operators
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Agriculture income or business income
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
