banner_ad

Advance for purchase of land

Others 199 views 3 replies
User Avatar

3 Points Posted on 30 November 2021
how to treat advance paid for purchase of land
0 Reply Share Follow
On 30 November 2021 at 08:55 Report
Replies (3)
User Avatar

4 Points Posted on 30 November 2021
Thats just an advance
so normally we have to pass advance receipt entry
Reply
On 30 November 2021 at 09:00
User Avatar

3 Points Posted on 30 November 2021
When an assesse filing IT under presumptive income how to treat for income tax purpose
Reply
On 30 November 2021 at 09:02
User Avatar

Profession Business
28207 Points Posted on 30 November 2021
Since property is not yet transferred as a result of the fact it's not an asset. Normal advance entry is passed.
Reply
On 30 November 2021 at 09:51


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details