Unsecured loans from huf to proprietorship

Tax queries 402 views 2 replies

Hello,

        I have transfer an amount of Rs.17,15,000/- from my HUF account to my Saving (Proprietor) Account for Purchase of Flat in Name of Proprietor. 

My Queries: -

1. Is it possible to show as unsecured loans in balance sheet.

2. Or whether to show in capital Account.

 

Kindly Guide.

 

Thank You.

Replies (2)

Unsecured loan is advisable.

Thank You So Much for your Valuable Time.


CCI Pro

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