House property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2010
If house property is in joint name then in whose balance sheet it should appear?
25 August 2010
It will appear based on the proportion of ownership, both persons balance sheet will appear
25 August 2010
Continuing the answer of CMA Ramesh Krishnan -
and where a person has not contributed any sum towards acquisition of house property then he is not eligible to show it in his balance sheet.
This situation arises because many times for the sake of convenience registry is made in two names.
and where a person has not contributed any sum towards acquisition of house property then he is not eligible to show it in his balance sheet.
This situation arises because many times for the sake of convenience registry is made in two names.
26 August 2010
it should be shown in the balance sheet of the person who contributed the sum towards house property
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
