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Asset show in books

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kollipara sundaraiah (B.com)     24 January 2021

kollipara sundaraiah
B.com 
 18 likes  1071 points
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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.
Sourav

Sourav (Student)     24 January 2021

Sourav
Student 
 249 likes  3809 points
View Profile | My Other Post
It will be shown under fixed assets
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     24 January 2021

CA Rashmi Gandhi
Chartered Accountant 
 4500 likes  56379 points
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Show the house at above stated value in Fixed Assets

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