Capital work in progress
This query is : Open
19 September 2011
HELLO,
MY CLINT IS IN BUSINESS OF CONSTUCTION OF BUILDING (BUILDER) & SELLING OF THEM AFTER CONSTRUCTION
IN LAST F.Y. HE HAS A WORK IN PROGRESS , SO HOW IT WILL BE TREATED IN I.T. AS CAPITAL WORK IN PROGRESS OR ONLY WORK IN PROGRESS ? AND PLEASE EXPLAIN DIFFERENCE BETWEEN THAT
THANK YOU
MY CLINT IS IN BUSINESS OF CONSTUCTION OF BUILDING (BUILDER) & SELLING OF THEM AFTER CONSTRUCTION
IN LAST F.Y. HE HAS A WORK IN PROGRESS , SO HOW IT WILL BE TREATED IN I.T. AS CAPITAL WORK IN PROGRESS OR ONLY WORK IN PROGRESS ? AND PLEASE EXPLAIN DIFFERENCE BETWEEN THAT
THANK YOU
19 September 2011
Dear Dhaval,
Pl go to the below link for the purpose of having detailed idea about accounting by Real Estate Developers.
https://www.caclubindia.com/articles/accounting-by-real-estate-developers--10798.asp
Pl go to the below link for the purpose of having detailed idea about accounting by Real Estate Developers.
https://www.caclubindia.com/articles/accounting-by-real-estate-developers--10798.asp
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