Huf
Nishikant (Jalna) (298 Points)
27 March 2018
Dear experts How to take heritage property value in a Huf account like agriculture land or plots
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176771 Points)
Replied 27 March 2018
For accounting purpose cost of original buyer may be taken as tentative figure. (as wealth tax is abolished)
But when you sell or transfer, FMV as on 01.04.2001 will be taken as COA.
Nishikant
(Jalna)
(298 Points)
Replied 27 March 2018
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
