Sir if a person invested in sahara aprox 1000000/- in 10-11 but it does not reflect on its personal B/S. Thought his B/S was Auditing (due to more than 1 cr. T/O) he cant include it in his own file . Now he applied for a new PAN in FY 15-16 of his Own H.U.F file and want to file return 1st time in in FY 15-16. Can he include it in HUF file by showing more capital b/f (opening Bal.).
And if he also invested in Land before and now he want to reflect it in file of his own HUF (*Land costing 1500000/-)
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Investment not reflected before at the time of investment.
Replies (1)
not possible invest in sahara in 10-11 and get a pan card in 15-16 for huf
ITO question on investment if not properlly answer that investment included
in the income of this year
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