Purchase of Land - Investment or Fixed Asset

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..... For Knowledge purpose: A company or Businessman purchased Land. Whether it can be shown as Fixed Assets or Investment ?? Please suggest. Also From Income tax point of view, ple .....

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..... ase suggest tax implication as far as classification as above is concerned. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = It is to be ascertain the purpose for which the land is purchased. .....

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..... - Reply By Ganeshan Kalyani - The Reply = Whether the company is buying land for setting up of plant or for some other purpose ? - Reply By Bijay Shrestha - The Reply = I give 3 situations - LAND .....

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..... : Situation-1: Land is used for Plant Development for Business. Situation-2: Land was used for agriculture for addition income or given on rent which is different from main business. Situation-3: .....

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..... Land used for nothing but just for Value appreciation in future. Likewise for example BUILDING: Situation-1: Building used for office work or for employees residential purpose. Situation-2: Bu .....

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..... ilding given on rent for additional income Situation-3: Building used for nothing just for value appreciation in future if any. - Purchase of Land - Investment or Fixed Asset - Query Started By: - .....

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..... Bijay Shrestha Dated:- 25-11-2016 Accounting - Auditing - Got 3 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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