It assessess purchase of agriculture land value rs:15 lacs dt: December -20 f.y.20-21 payment through on cash mode.this property value not showing in books and it returns and not include in balance sheet.
question:
1.assessess purchase of agriculture land value next financial year show in it returns allowed f.y.21-22.
2.assessee purchase of agriculture land value rs:15 lacs credit capital account and purchase of land account debited entry passed in books dt:01-04-21.
Whether the cash paid amount was accounted in books of FY 20-21?
If no, you cannot...
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