House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2010
If house property is in joint name then in whose balance sheet it should appear?
25 August 2010
It will appear based on the proportion of ownership, both persons balance sheet will appear
25 August 2010
Continuing the answer of CMA Ramesh Krishnan -
and where a person has not contributed any sum towards acquisition of house property then he is not eligible to show it in his balance sheet.
This situation arises because many times for the sake of convenience registry is made in two names.
and where a person has not contributed any sum towards acquisition of house property then he is not eligible to show it in his balance sheet.
This situation arises because many times for the sake of convenience registry is made in two names.
26 August 2010
it should be shown in the balance sheet of the person who contributed the sum towards house property
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