DEAR SIR/MADAM,
HOW TO CACULATE PURCHASE VALUE OF LAND & WHAT IS ENTRY?
DETAILS ARE BELOW
Stamp Duty - 13,33,200/-
4) Valuation - Rs.1,90,45,000/-
5) Purchase Amt - DONATE
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Land purchase
Replies (2)
It will recorded in books of accounts at actual price paid ie stamp duty paid. Valuation amount is irrelevant for accounting purpose.
Stamp duty paid on puchase of land will be capitalisd.So the purchase of land cost is Stamp Duty + Valuation of Land
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