Whenever a house property is purchased, we spend for stamp duty , registration fees and brokerage. My question is whether we have to include all these expenses with the cost of property to show in the balance sheet.
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Stamp duty and registration fees for house property
Replies (4)
Yes of course, with no doubts. All the costs incurred for purchase or construction of a property needs to be added to show the correct value.
The above costs should be shown..
DEAR SIR ,
MY QUESTION IS ADVANCE PAYMENT PAID FOR RENT AGREEMENT REGISTRATION FEES , WHAT IS THE ENTRY IN TALLY
DR ADVANCES
CR. CASH
WHEN THE JOB IS DONE
DR. LEGAL EXPENSE
CR. ADVANCES
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