Shop purchase

28 July 2021

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.

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4 Replies

Abhishek Purohit (52 Points)
Replied 28 July 2021

It is an ASSET ,show it under investment as investment property

2 Like

Deepak Kumar (791 Points)
Replied 28 July 2021

I think you can show either fixed asset or investment under investment in property

1 Like

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

As its for rental purpose, you can show that as investment

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 31 July 2021

Show it as investment property

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