Crop loan jointly holders
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
20 July 2021
Sir,
Two it assess crop loan from bank
1st person crop loan Rs:1,50,000/-
2nd person crop loan Rs:1,50,000/-
Two persons Total rs:3 lacs crop loan amount transferred to joint bank account credited.
Question:
Crop loan rs:3 lacs 1st person or 2nd person show in it returns.
Two it assess crop loan from bank
1st person crop loan Rs:1,50,000/-
2nd person crop loan Rs:1,50,000/-
Two persons Total rs:3 lacs crop loan amount transferred to joint bank account credited.
Question:
Crop loan rs:3 lacs 1st person or 2nd person show in it returns.
CA Rashmi Gandhi
(Expert)
21 July 2021
In both returns amount will be Rs. 1.5 lakhs.
Dhirajlal Rambhia
(Expert)
27 November 2021
Advisable to deposit such amount in separate bank accounts of first holder.
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