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Property Share Contribution in Books.
If a House purchase for rs 25.00 lakh amount rs. 20.00 lakh debited from mothers account and rs 5.00 lakh debited from sons bank account so, in their books of account property shown Proportinate value but if all amount paid by mother's bank account and house registry made in both mother and son name so how to show registry in sons books of account.
Replies (1)
Just shown share of son as loan received from mother.
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