Sheetal (Job) 29 December 2020
The assessee owned a single residential unit. Now it is split into three separate residential units each with a seperate electricity and water connection. also the split is approved by the municipal authorities.
what will be the accounting treatment...will the original cost be split according to the area of each new unit?
also if subsequently the units are sold individually whether exemption u/s 54 EC will be considered seperately?
Stay updated with latest Discussion!
Member Strength 32,59,515 and growing..
CAclubindia
