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
Menu
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
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
