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Asset of spouse in books of accounts

This query is : Resolved 
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(Querist)
05 September 2016 SIR/MADAM

VEHICLE (TRUCK TAKEN AS LOAN ) IN THE NAME OF WIFE CAN BE SHOWN IN THE BALANCE SHEET OF HUSBAND'S BUSINESS (HIRING OF TRUCKS FOR RENT)?

LOAN REPAYMENT AND ALL OTHERS DONE BY HUSBAND, WIFE REPRESENTED AS A LOANEE IN RECORDS ONLY.

HOW CAN PROVE THE SOURCES OF REPAYMENTS, IF WIFE RECEIVED A NOTICE FROM IT DEPARTMENT.
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 September 2016 who has received notice? wife....right? You can place her affidavit with the department explaining the ownership of truck.
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NAVA YUG

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NAVA YUG (Querist)
05 September 2016 yes wife received notice

thanks
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 September 2016 then let her produce the affidavit to that effect
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