Rek A 28 July 2021
Dr J C Vashista (Advocate) 28 July 2021
Recovery of any amount can be effected within 3 years.
Rek A 28 July 2021
G.L.N. Prasad (Retired employee.) 28 July 2021
The presumption is that the family is undivided and the business is a Joint family business. The business is always supported by taxes on sales, income and purchases supported by invoices. Contact a local advocate for the proper remedy for the recovery of such legitimate amount due from the joint family business.
Dr J C Vashista (Advocate) 29 July 2021
Law do not provide room for assumptions and presumptions.
Consult and engage a local prudent lawyer for proper analyses of facts/documents, professional advise and necessary proceeding.
P. Venu (Advocate) 02 August 2021
The facts posted are inconsistent. On the one hand you say that the brothers have joint business and then you state that your uncle's business has come to an end!
Rek A 02 August 2021
G.L.N. Prasad (Retired employee.) 02 August 2021
Maintenance of one account itself confirms that they are not separate and not maintaining individual accounts. The experts already advised to contact a local advocate as the query lacks clarity.
P. Venu (Advocate) 03 August 2021
Yes, no definite suggestion is possible unless documents are seen and facts discussed, which only a local advocate can.
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