22 August 2024
Sir, While calculating of cost of flat for fixing the %age of ownership among the parties, can we add : interest on loan taken for payment to builders Bribe given for approval of loan Bribe given for getting the flat register as adding these expenses, the %age of one partner increases and others reduces. Previously there was no agreement between parties on %age issues.
22 August 2024
Bribes have no place in account or under any legal code. You are found guilty if any bribe is given by you. No question of adding interest on loan to cost of acquisition of any property.
CAclubindia
