Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

Accounting for Self Occupied House Property

346 views 3 replies

Akshay Jain

1 Points Posted on 17 October 2018

please let me know how to account for House property used for residential purpose.
which AS/IndAs will cover the same.

Replies (3)

satish

teaching

2046 Points Posted on 17 October 2018

no need to account for personal transactions. usually we should account for commercial nature only.

CA Rakesh Joshi

Chartered Accountant

1272 Points Posted on 17 October 2018

Yes. No need to account for SOP since it is for personal and not for business.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 17 October 2018

Yes... I agreed to above said replies.

But, In case You will be account in own purpose of regard then You can account and after transfer to Capital head

CCI Pro

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

CA

View Details