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Land and Building cost should mention separately in Tally

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(Querist)
21 August 2023 whether cost of Land and Building should be mentioned in tally separately. For proper books of accounts .
Please reply why both should be separately mentioned in books of accounts.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 August 2023 Yes, it should be mentioned separately as depreciation not applicable on land.

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