CASH DRAWING IN CAPITAL ACCOUNT
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2011
Dear sirs,
We have a HUF A/c and forgot cash withdrawl(in capital account) in June -11 which was Rs.7000/- per month. Can we post cash withdrawl Rs.14000/- in next month .i.e. in Jul-11 (For Jun. & Jul.).
We have a HUF A/c and forgot cash withdrawl(in capital account) in June -11 which was Rs.7000/- per month. Can we post cash withdrawl Rs.14000/- in next month .i.e. in Jul-11 (For Jun. & Jul.).
CA PARAS BAFNA
(Expert)
17 July 2011
You can debit 21000/ also if you want to forget for the next month too, provided you are having sufficient cash balance in hand. It hardly matters in the case of HUF. Drawings are not like deductions. As per your requirment of HHE you may withdraw.
You can debit 21000/ also if you want to forget for the next month too, provided you are having sufficient cash balance in hand. It hardly matters in the case of HUF. Drawings are not like deductions. As per your requirment of HHE you may withdraw.
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