please let me know how to account for House property used for residential purpose.
which AS/IndAs will cover the same.
3 Replies
satish
(teaching)
(2046 Points)
Replied 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)
Replied 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...!!!")
(128111 Points)
Replied 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
But, In case You will be account in own purpose of regard then You can account and after transfer to Capital head
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