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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2009 Our office is in Residential Area. We want to convert the status from Residential to commercial. For this society want some money as "Donation". Our CA said that we can give them the said amt to society & in Account, it should get capitalised under the Head " Office & building". Is it ok.... Please help me in this matter.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
20 November 2009 He is right as ultimate use of amount is commercial
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 November 2009 Thanks for helping in this matter
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