Incometax

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21 Points Joined April 2018
any change in carrying value of asset when fixed asset converted in to investment?
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On 03 July 2018 at 06:50 Report
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Yes ......... FMV

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On 03 July 2018 at 14:33
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21 Points Joined April 2018
Can you quote the relevant section too?
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On 03 July 2018 at 15:33
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

https://www.wirc-icai.org/material/ICAI-Investment-Property.pdf

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On 03 July 2018 at 19:08
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21 Points Joined April 2018
Thankyou sir for your response
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On 03 July 2018 at 23:09
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Most Welcome, Dear ...

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On 04 July 2018 at 07:27
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21 Points Joined April 2018
What willbe the effect if INDAS is not applicable??
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On 04 July 2018 at 08:16
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Cost price method was also applicable

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On 04 July 2018 at 08:52
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21 Points Joined April 2018
Is it mean that it can be recorded in orginal cost??
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On 04 July 2018 at 09:01
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SEO Sai Gr. Hosp.
210651 Points Joined July 2016

Yes, but the reasoning should be acceptable

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On 04 July 2018 at 09:07
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21 Points Joined April 2018
Thanks for your valuable response
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On 04 July 2018 at 09:11


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