unsecured loan is shown in books of wife in name of husband, the husband is now dead, what ll be the treatment of that loan in wife's book of accounts?
RAKSHIT MEHTA (tax consultant) (114 Points)
20 June 2017unsecured loan is shown in books of wife in name of husband, the husband is now dead, what ll be the treatment of that loan in wife's book of accounts?
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8727 Points)
Replied 20 June 2017
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 20 June 2017
SIR, WHAT IF WIFE IS THE ONLY LEGAL HEIR??
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8727 Points)
Replied 20 June 2017
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 20 June 2017
WHAT ENTRY WOULD BE PASSED IN THE BOOKS TO GIVE EFFECT TO THIS TRANSACTION?
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8727 Points)
Replied 20 June 2017
Jayesh Sharda
(none)
(38 Points)
Replied 20 June 2017
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 20 June 2017
IT IS AN UNSECURED LOAN, I.E., IN CASH
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 20 June 2017
ASHIWINI SIR, CAPITAL A/C IS BE CREDITED BY SAME ACCOUNT?
HUSBAND'S LOAN A/C DR.
TO CAPITAL A/C
??
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8727 Points)
Replied 20 June 2017
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 20 June 2017
HOW WILL THAT BE POSSIBLE? LOAN FROM SELF IN HER BOOKS?
Jayesh Sharda
(none)
(38 Points)
Replied 20 June 2017
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