Unsecured loan
This query is : Resolved
12 September 2011
IN THE PROP.FIRM TWO UNSECURED LOAN COMES BOTH ARE HUSBAND & WIFE. IN FY10-11 WIFE EXPIRED ON SEPT.10. THEN MY QUESTION IS THAT I TRFD. THOSE LOAN BALANCE TO HUSBANCE LEDGER AND INTT. PROVIDED ON THAT AMOUNT I.E. UPTO SEPT-10 INTT. ON WIFE ACCOUNT AND AFTER, TRFD. THE ACCOUNT BALANCE OF WIFE INTO HUSBAND LEDGER. IS IT RIGHT OR NOT
12 September 2011
(a) From the legal perspective, a proprietorship firm is not a separate legal entity from its proprietors,
(b) From the IT point of view: both are individuals, assessing units separate hence the transaction may impact the IT consequences.
(b) From the IT point of view: both are individuals, assessing units separate hence the transaction may impact the IT consequences.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
