Transfer of balancesheet on death of wife
This query is : Resolved
SUDARSHANA BUCHA
(Querist)
28 December 2014
My wife expires I want to know how I can transfer her capital to myself what is the procedure for transfer of capitalamount and house as one house was in her name? Tell me how i completely merge her balance sheet into me ? I am acting as nominee in all transactions. Kindly guide me
CA Lokesh Pokharna
(Expert)
28 December 2014
First of All complete all legal formalities which make you entitle for all rights related to her assets .
then merge her all assets into your balancesheet and create a reserve account with any suitable name. then trf reserve ac into your capital ac. and do make provisions for any known liabilities
then merge her all assets into your balancesheet and create a reserve account with any suitable name. then trf reserve ac into your capital ac. and do make provisions for any known liabilities
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