house property
This query is : Resolved
04 March 2008
a house property was bought in the name of two brothers A and B.The loan for the purchase of the property was taken by A and is being repaid by A although the amount is later settled in cash between the two.
The quetion is in whose balane sheet will the house be showed.
The quetion is in whose balane sheet will the house be showed.
04 March 2008
WHEN THE HOUSE IS PURCHASED IN JOINT NAME THAN BOTH OF THEM ARE THE LEGAL OWNER OF SUCH PROPERTY
S.Srinivasaraghavan
(Expert)
04 March 2008
If you are talking about the individual balancesheet of A and B, each will have to show their share of the asset's value
MANAS ROUT
(Expert)
04 March 2008
THE VALUE OF HOUSE HAS TO BE SHOWN UNDER EACH OF THEIR BALANCE SHEET AS PER THE SHARE AGREED IN BETWEEN THEM .
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