banner_ad

Regarding fixed deposit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 December 2016 Respected Sir,
One of my client deposited an amount of 14,70,000 as FIXED DEPOSIT in his WIFE'S name. how to show this item in his balance sheet.please give me idea to clear this.
thanking you
Profile Image

CS Advocate Abhishek Goyal

Profile Image

CS Advocate Abhishek Goyal (Expert)
09 December 2016 This may be shown either as gift or loan but is shown as gift to wife the interest received on FD will be clubbed in the hands of husband u/s 64 so better to show it as loan.
Profile Image

PANDIAN BRIGHT

Profile Image

PANDIAN BRIGHT (Querist)
09 December 2016 thank you very much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details