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unsecured loan treatment

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(Querist)
12 June 2008 Loan given to a company by its director's father(Say X) few years ago..
In the year 2005, X died.
No legal hier of X has claimed the amount due to company till date.
please suggest me the appropriate treatment for the same.
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
30 September 2008 It will be treated as deemed income to the company if neither director nor his father alive.

Where is will of directors father

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