Huf
This query is : Resolved
Mukesh Choudhary
(Querist)
17 December 2011
DEAR FRIENDS,
WHEN HUF IS CREATED & BANK ACCOUNT IS OPENED IN THE NAME OF HUF, THE AMOUNT DEPOSIT (SAY RS.10000). WHAT IS THIS AMT. CAPITAL OF HUF OR LIABILITY.
WHEN HUF IS CREATED & BANK ACCOUNT IS OPENED IN THE NAME OF HUF, THE AMOUNT DEPOSIT (SAY RS.10000). WHAT IS THIS AMT. CAPITAL OF HUF OR LIABILITY.
CA. RICHI SAXENA
(Expert)
17 December 2011
THIS AMOUNT WILL BE TREATED AS CAPITAL INTRODUCED. AND ON OTHER HAND OF BALANCE SHEET THIS AMOUNT WILL BE SHOWN UNDER BANK ACCOUNT.
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