husband purchase one house in 2015 and accountant by mistake house show in wife account now both of file income tax return
now how to correct this entry in balance sheet in 2019-2020.
thank u in advance
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 January 2021
You might show such flat as gift to husband
Kapadia Pravin
(17259 Points)
Replied 16 January 2021
Simply reverse wrong entry in BOA and show house in husband account.
Gift between husband wife doesn't help as income from such gift is in Donor spouse account life time. But here it's a human error which you just reverse.
Gift between husband wife doesn't help as income from such gift is in Donor spouse account life time. But here it's a human error which you just reverse.
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 16 January 2021
Agale sal se Sahi entry pass kar lena no need to worry.
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