Loan from Wife.....
This query is : Resolved
Vijay Kr. Mishra
(Querist)
28 December 2009
An individual person Started a proprietorship business & required some Fund. Can he take loan from his wife ?
28 December 2009
Yes he can take a loan from his wife but it should not treated as capital it should be separately taken as loan - Unsecured.
Murtaza I Bhagat
(Expert)
29 December 2009
agree, loan & Capital are different from each other.
CMA Ramesh Krishnan
(Expert)
31 December 2009
yes can be taken
CA Ravi Sisodia
(Expert)
31 December 2009
yes you can taken
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