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What is entry of Home (urgent)
agar me ghar purchase karta hu to government ki stamp duty kese enter hoti hai or uski fully entry kya hogi home ki?????
Replies (6)
Quick Summary
No entry should be passed in the books of account, because it is for our residential purpose , but if the same property you are using for the business as a office then you can shown as an asset in the books.
if i am not correct let me hear from other side.
and the discussion to be continued Further
if i am not correct let me hear from other side.
and the discussion to be continued Further
Stamp duty and registration expense are part of house property so it will in same name as house property.
HP Dr
To Loan
To Bank
HP Dr
To Loan
To Bank
Stamp duty is the expenses while purchasing the home therefore it shown as expenses
stamp duty and registration fees are not business expenses so not to give effect in P&L it should be capitalized.
स्टैंप ड्यूटी घर की कीमत एग्रीमेंट वैल्यू के साथ जुड़ जाएगी।
Stamp Duty and Registration Charges are capital expenses and must be needed to add in the cost of the house.
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