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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
