Question on investment property in as-13
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2011
dear friends,
As per As-13, if we treat the building as an investment in the financial statements of the company, then what about the depreciation on such building?
How can we charge the depreciation on such buildings which are treated as investment propert as per As-13?
As per As-13, if we treat the building as an investment in the financial statements of the company, then what about the depreciation on such building?
How can we charge the depreciation on such buildings which are treated as investment propert as per As-13?
Gursimar Singh
(Expert)
02 November 2011
If you are treating building as investment under AS-13 then you cannot recrd depreciation on it. However if there is permanent fall in value of building u can record it as per AS-13.
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
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- Depreciation Chart Companies Act
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
