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ADVANCE PAYMENT Proprietor DIED

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30 Points Posted on 22 April 2021
We took advance from a firm of huge amount now the proprietor has died.What should we do next?
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On 22 April 2021 at 14:12 Report
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Chartered Accountant
24588 Points Posted on 22 April 2021
You have to repay the amount to the legal heirs of the deceased person
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On 22 April 2021 at 14:19
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30 Points Posted on 22 April 2021
If no one is there to claim
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On 22 April 2021 at 14:20
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CMA
93 Points Posted on 22 April 2021

you have to return the amount (with the interest, if applicable) to the official assignee/authorized person

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On 22 April 2021 at 14:28
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Chartered Accountant
24588 Points Posted on 25 April 2021
Yes, pay to his authorised heir
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On 25 April 2021 at 06:15
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2742 Points Posted on 25 April 2021
You have to legal heir or authorized person
1 Reply
On 25 April 2021 at 10:32


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