Gud eve...,
one my client has to file his returs he has bank account dat is too with his mother I mean joint account but the bankers has obtained pan of him not his mother and more ever his mother doesn't have income returns
now my quiet is shall I show 100% bank balance in his returns r to be show only 50% as I stated the account is. joint account
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JOINT ACCOUNT
Replies (2)
It seems your client is the primary account holder in the joint. You have also mentioned that his mother doesn't have income returns. In this scenario you can show entire balance in your client's return.
10q so much for ur valuable replay. nd last question under wat circumstances we need to account bank balanace 50% in d balance sheet .neither sb a/c nor loan a/c
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