please let me know how to account for House property used for residential purpose.
which AS/IndAs will cover the same.
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Accounting for Self Occupied House Property
Replies (3)
no need to account for personal transactions. usually we should account for commercial nature only.
Yes. No need to account for SOP since it is for personal and not for business.
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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