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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2014 ADDITION MADE IN SCRUTINY ASSESSMENT CAN BE CAPTLISED OR NOT ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 July 2014 nopes. For two reasons:

1. it is not an expense

2. it is not giving you any long term benefit.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2014 how exp can be capitalised in case of assessment.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2014 WIFE GIVEN 2 LAC TO HUSBAND,BUT ITO MADE ADDITION OF THIS AMOUNT IN SCRUTINY .
WHETHER THIS AMOUNT BE CAPITALISED IN HUSBAND
CAPITAL ACCOUNT ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2014 was a loan given to husband?
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2014 WIFE GIVEN LOAN TO HUSBAND BUT ITO TAXED THAT AMOUNT ?
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2014 yes it is a loan.............................
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 July 2014 loan can be given if it is to be paid back but not as gift.
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2014 SIR IT MEANS WIFE CANNOT MAKE GIFT TO HER HUSBAND

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