Asset show in books

one of a service income I.t return individual status filed assess purchases of residential house value Rs:35 lacs.assess this value debited to capital account or asset show in under fixed assets head is correct method.
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Quick Summary
This discussion explores the correct accounting treatment for a residential house purchase valued at Rs 35 lacs. The core question is whether this expense should be debited to the capital account or correctly classified under fixed assets. The consensus suggests showing the house at its stated value within the fixed assets section is the appropriate method.

It will be shown under fixed assets
Show the house at above stated value in Fixed Assets

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