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IN SCRUTINY WE HAVE TO PROVE ONUS U.S. 68 OF LENDERS FROM LOAN TAKEN

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Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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02 February 2026 IN SOME OF LENDERS WE DO NOT HAVE CURRENT YEAR TRANSACTIONS AND HAVING OPENING BALANCE SO WHAT TO DO TO PROVE THAT ... OR ELSE WE HAVE TO PROVIDE ONLY LEDGER TO PROVE

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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03 February 2026 For lenders with only opening balances and no current-year credits, Section 68 does not apply. You only need to submit the ledger and previous year balance sheet. Identity, creditworthiness, and genuineness are not required to be re-proved unless there is a fresh credit during the year.

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