09 July 2023
I am in to the business of real estate where I have purchased some acres of lands and have only registered the deal with the government [both seller & buyer signed the agreement & submitted in the court] but registry has not yet been transferred under my name?
Is there any way I can claim this purchase expense during the financial year?
10 July 2023
If related to constructing building/units which are for sale, you have to park it under WIP, but other general expenses can be claimed in same FY.
CAclubindia
