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Purchase of Land - Investment or Fixed Asset

Companies Law - Started By: - Bijay Shrestha - Dated:- 25-11-2016 Last Replied Date:- 26-11-2016 - 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, please 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. - Reply By Ganeshan Kalyani - The .....

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