An private educational trust purchased a land and started constructing a school ... .Purchase of material shld be added to construction of building or shld be debited to income and expenditure .
Menu
Land purchased and construction on it
Replies (2)
Material should be added to Construction of building
materials used for construction of the building should be capitalized in the books of account and not debited to income and expenditure account
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
