Asset of spouse in books of accounts
This query is : Resolved
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.
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.
05 September 2016
who has received notice? wife....right? You can place her affidavit with the department explaining the ownership of truck.
05 September 2016
then let her produce the affidavit to that effect
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