shop purchase for rental income or capital appreciation in propriotery firm.
is it taken as a fixed assest or in capital account in books of account.
4 Replies
Abhishek Purohit
(52 Points)
Replied 28 July 2021
It is an ASSET ,show it under investment as investment property
Deepak Kumar
(791 Points)
Replied 28 July 2021
I think you can show either fixed asset or investment under investment in property
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
As its for rental purpose, you can show that as investment
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 31 July 2021
Show it as investment property
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