Unsecured loans after death of assessee.
This query is : Resolved
18 March 2023
An unsecured loan of 5.00 lac was paid by Mr. A to Mr. B. Mr.A has died. Mrs.C is legal heir of Mr. A. Whether Mr. B , in his books of account, can now show loan payable to Mrs. C instead of Mr.A ?
18 March 2023
Yes it can be shown as payable to Mrs C.
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