My Client is facing the following situation:
He is currently staying in west Bengal from 20 years. He wants to bring into his books (i.e Balance Sheet) land & building owned by his deceased father. His father had died 20 years ago. His father in his will has stated that "all his belongings will belong to his son after death". No particular property or item is mention in that will. This property is in Rajasthan and was owned by his father and forefathers. How should the assesse bring this property into his own books. What is the legal way and the best way.
Please provide all the details step-wise... i.e. whether to make a will, whether to get the property registered on his own name etc. etc..
Please help very urgent...!!
Dear halder
Firstly he has to register propert in his name. meaning he has to exercise the will. disclosure in balance sheet fixed asset and capital account should be credited.
for most and important he has to register
Thank you
You can also write to me at sthayin @ gmail for further assistance
CAclubindia
