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Asset valuation

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2014 Dear sir/madam,

In the books of an Individual, how to show the value of fixed assets? Is it includes amount paid+ancially cost such as registration fee and stamp duty.?

Ex: Value of land 10,50,000/- regd charges:80,150/-
How to show in the books?
total value as 10,50,000/- or 11,30,150/-
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 August 2014 total value shall come i.e 11,30,150.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2014 Whats the meaning of GPA HOLDER & SAGPA HOLDER In terms of Sale deeds.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 August 2014 gpa is general power of attorney.

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