Dear Sir,
Obviously the nature of business run will decide about the charecter of the "purchase" to decide about the nature of item. You cannot change like what you have stated. It will be disallowed and if you persist , you have a protracted loosing legal tusle on hand.
regards
SS
----- Original Message ----
From: ramauditor1 <ramauditor1@yahoo.co.uk>
To: ICAI_CIRC_MEERUT_CA@yahoogroups.com
Sent: Friday, January 25, 2008 5:05:30 PM
Subject: Re :{Brainstormers -CA} Re: query related Real Estate Comapny
From: ramauditor1 <ramauditor1@
To: ICAI_CIRC_MEERUT_
Sent: Friday, January 25, 2008 5:05:30 PM
Subject: Re :{Brainstormers -CA} Re: query related Real Estate Comapny
Dear Friend,
I do not know how do you expect people to answer this blunt question
of yours.
Regards
Ram
--- In ICAI_CIRC_MEERUT_ CA@yahoogroups. com, "CA RAJESH JAIN"
<MRRAJESHJAIN@ ...> wrote:
>
> dear Friends,A Real Estate comapny is my client ,The
comapny has purchased a land for Rs. 15 Lacs ,and the payment made in
cash.The land is stock in trade for a real estate company.Then
u/s 40A(3) of IT Act The whole Amount will be disallowed.I am
planning to classify the land as Fixed Asset in current year.and in
subsequent years it will be converted into stock in trade. can it be
possible?Please suggest me?????CA RAJESH JAIN
>
Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now.
CHARTERED ACCOUNTANT INDIA AMRESH VASHISHT, DISCLAIMER
"The answer(s)/advice(s) on this Group web-site are the personal opinions of the members who sent those messages. They may/or may not be based on research(s)/opinion(s) on the fact(s) provided to the Group in the said query, and any advice tendered here is subject to the accuracy of the description of facts, proposed transactions, and their purpose and
whether they constitute a complete and accurate disclosure of all
relevant fact(s), and provided the proposed transaction(s) is completed
in the stated manner. The Group Owner/Moderator and/or the group
member(s) do not even imply the accuracy or value of any advice
submitted by its member(s) and are not liable for any damages or costs,
if any, suffered through the acceptance or putting into operation either
the whole or part of any advice so tendered on the group-site. If you
have any question(s), please do not hesitate to seek clarification(s)
Here"
"The answer(s)/advice(s) on this Group web-site are the personal opinions of the members who sent those messages. They may/or may not be based on research(s)/opinion(s) on the fact(s) provided to the Group in the said query, and any advice tendered here is subject to the accuracy of the description of facts, proposed transactions, and their purpose and
whether they constitute a complete and accurate disclosure of all
relevant fact(s), and provided the proposed transaction(s) is completed
in the stated manner. The Group Owner/Moderator and/or the group
member(s) do not even imply the accuracy or value of any advice
submitted by its member(s) and are not liable for any damages or costs,
if any, suffered through the acceptance or putting into operation either
the whole or part of any advice so tendered on the group-site. If you
have any question(s), please do not hesitate to seek clarification(s)
Here"
MARKETPLACE
Earn your degree in as few as 2 years - Advance your career with an AS, BS, MS degree - College-Finder.net.
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
.
__,_._,___
Tidak ada komentar:
Posting Komentar