Property purchased as investment is fixed asset

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

Is it for business purposes?

Atharv Sankliya

1359 Points Joined October 2021

Yes business have two properties one is used in business operation and another is for investment purposes

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

If it is for business purposes and meets criteria of PPE as per AS-10 then it is Fixed Asset

sabyasachi mukherjee

Profession Business

28196 Points Joined May 2017

Property purchased for self or personal use?

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

What you mean by investment ?

Is it earning rent or it's just idle ?

sabyasachi mukherjee

Profession Business

28196 Points Joined May 2017

,property can be used for residential purposes and can also be used let out for rent. Both are investments. In case it is used for residential purposes a seperate treatment.

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

It will not qualify as fixed asset if it is not used in the business..

Menu

Property purchased as investment is fixed asset

Atharv Sankliya

Eswar Reddy S

Atharv Sankliya

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

sabyasachi mukherjee

Eswar Reddy S

Leave a Reply

Recent Threads

Related Threads

Latest Job Openings

Accountant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final

Article Assistant

GST CONSULTANT

Menu

Forum Search

Property purchased as investment is fixed asset

Leave a Reply

Recent Threads

Related Threads