Unsecured loans by assessee (Now deceased)
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
04 November 2022
Sir, Mr. A had paid an unsecured loan of Rs. 10.00 lac to Mr. B. Mr.A has expired. Now how to treat the said loan in Income-tax file ? Whether the said loan may be shown in A's wife file ?
CA R SEETHARAMAN
(Expert)
04 November 2022
Yes, obtain legal heir certificate.
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