Co-owner property In Balance Sheet

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538 Points Posted on 24 July 2023
Dear Sir, We have Co-owner property- land (property of spouse).How I declare this Land in balance Sheet.Both file ITR
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On 24 July 2023 at 17:04 Report
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Quick Summary
This discussion addresses how to declare co-owned property, specifically land owned by a spouse, on a balance sheet. The advice given is to declare the land according to the actual ownership ratio for each individual's Income Tax Return (ITR) filing. This ensures accurate representation of assets based on individual ownership percentages.

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Student
1628 Points Posted on 25 July 2023
Show as per their actual ownership ratio
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On 25 July 2023 at 07:49
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norton
35 Points Posted on 25 July 2023

hello all, im new there

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On 25 July 2023 at 13:32

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