Transfer of property
This query is : Resolved
16 April 2012
Dear Sir,
I am working in a small co., my company owner transfer his company property in his son name & its transfer exps. was 405000/- (Stamp Paper Rs.390000 +10500 Receipt), but im confuse how i enter these amounts in co. books ? kindly suggest me.
Thankin You
I am working in a small co., my company owner transfer his company property in his son name & its transfer exps. was 405000/- (Stamp Paper Rs.390000 +10500 Receipt), but im confuse how i enter these amounts in co. books ? kindly suggest me.
Thankin You
16 April 2012
In this case, Company is seller, so you need not to book exp. because purchaser bear exp. like stamp duty, registration charges etc.
but exp. given by co. then you should debit to purchaser of land
but exp. given by co. then you should debit to purchaser of land
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Filling ITR - U
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
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
