Unsecured loans from huf to proprietorship

Yogesh Kini (Tax Consultant) (86 Points)

20 July 2018  

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.