banner_ad

Shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 June 2016 Dear All,

One of my client brother's have credit balance in the broker account. The broker has pay out the amount in his name to transfer by the way of RTGS, but my friend brother is expire for the last 1 years and his family close all his Bank account. His mother and brother have one joint account and the broker are ready to transfer the amount in the particular account. My question is what type of Transaction will show in his mother's books of account.

Thanks & Regards
Rateesh

Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
17 June 2016 it is a capital receipt for his mother. You can credit it to her capital account, in her books
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details