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Capital work in progress


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

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



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