valuation of school building
CA Priti Bamal (138 Points)
15 May 2019CA Priti Bamal (138 Points)
15 May 2019
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 15 May 2019
Mam, you can show it in bs at actual price i.e. at cost of construction or cost of acquisition , no need to do valuation. But if school is in the nature of Society or trust you have to check for governing laws
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)