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How to show asset value of houseproperty used for business?

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2018 hello,

If I had given a house property for rent to a hotel , later i aquire such hotel , it would be under business/profession
how should i treat in books ?

what value should i provide for houseproperty in balance sheet ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 March 2018 Provide cost of the house in the balance sheet.

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