How to increase net worth of individual b/s?
This query is : Resolved
23 February 2012
Dear Experts,
my boss asked me to find out the ways for increasing capital / net worth of his wife in her personal account.
In his wife b/s we are showing income of rs.3,00,000/- as sale from sarees under presumptive basis by depositing cash in to the bank. she is of 65 years old. other income includes interest earned from loan given, bank interest. she invests in ppf by keeping tax liability around 1,000/-
i request you to kindly suggest me the other ways so that her capital balance / net worth can be increased so the net worth will also be increased.
waiting for ur reply...
Thanks in advance
Regards,
Sushil.
my boss asked me to find out the ways for increasing capital / net worth of his wife in her personal account.
In his wife b/s we are showing income of rs.3,00,000/- as sale from sarees under presumptive basis by depositing cash in to the bank. she is of 65 years old. other income includes interest earned from loan given, bank interest. she invests in ppf by keeping tax liability around 1,000/-
i request you to kindly suggest me the other ways so that her capital balance / net worth can be increased so the net worth will also be increased.
waiting for ur reply...
Thanks in advance
Regards,
Sushil.
28 February 2012
Ask your boss to arrange gift from his mother, father , mother inlaw and other relatives which are included in the list of relatives
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
