Assets purchased

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 September 2011 if a person purchase a asset say house property in the name name of others,,then in whose bal sheet it will be appeared,,the title holder or the person who has made the payment?

26 September 2011 There is the concept of benefecial owner than the registered owner, if we had paid for the property, it is to be appeared in our books irrespective it has been registered in relative's name as cash outflow is from our books

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 September 2011 thanks pushpendra...ji..and in case of joint owner and co owner...wat will be happened?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 September 2011 in which chapter of i.t act 1961,,i can find the concept of beneficial owner v/s reistered owner?


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details