If a land purchase in the name of two brother then ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2016
Sir,
If a land is purchase in the name of the two brother the in which brother Income tax file land will be shown.Whether land will be shown in both brother file if so then how the amount will be divided.
Please suggest.
If a land is purchase in the name of the two brother the in which brother Income tax file land will be shown.Whether land will be shown in both brother file if so then how the amount will be divided.
Please suggest.
19 April 2016
If a land is purchased in two brothers name than it implies that land is jointly held by them and so must be shown in both balance sheets with equal share of cost if nothing as to proportion of ownership is mentioned in purchase deed or registration documents.
19 April 2016
If a land is purchased in two brothers name than it implies that land is jointly held by them and so must be shown in both balance sheets with equal share of cost if nothing as to proportion of ownership is mentioned in purchase deed or registration documents.
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