1) its a Fixed asset ( commercial)
2) is going to be purchased
3) it would be commercial property ( shop)
a) if we look from the view of capital gains, then on very 1st transaction you have to take the payment made to fixed asset, as on the agreement also this date is mentioned that you have tendered the amount such date, which is effective date of property in existance with you, in near future if u sell off the property then 1st payment date would be considered as your date of aquisition.
b) as the shop you are going to purchase, means you have to do some business with it, or within it, or rent it. if you put it on rent, then 30% deduction of rent is available to you u/s 24, if you do business with this property then yearly value depriciation is available to you @ 10% (i.e. your taxable business profit will get reduced by 10% due to depriciation)
c) if you wish to buy and sell the shop in short term, then also we shall recomend you to put it in fixed asset, as capital gain would be available in "property" definition better way.