while preparing an individual's balancesheet under which head should jwellery be taken?
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 28 March 2011
as per my knowledge it will come under investment...
annapurna
(articleship)
(134 Points)
Replied 28 March 2011
so u mean a stri dhan (personal effect) are investments..
is there any AS or IFRS consisting this accounting and tax treatment of jwellery
Aswini Pradhan
(Articled Assistant)
(28 Points)
Replied 01 April 2011
Hi Dear
As per AS-10 on ur head only
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 01 April 2011
if you are not in business of jewellary then its "fixed assets"
CA Shiv
(Business Controller)
(2987 Points)
Replied 01 April 2011
you can show it as Fixed asset of as Investment.. And even if u dont show than also its ok.....
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 01 April 2011
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