Menu
ADVANCE PAYMENT Proprietor DIED
We took advance from a firm of huge amount now the proprietor has died.What should we do next?
Replies (5)
Quick Summary
You have to repay the amount to the legal heirs of the deceased person
If no one is there to claim
you have to return the amount (with the interest, if applicable) to the official assignee/authorized person
Yes, pay to his authorised heir
You have to legal heir or authorized person
Recent Topics :
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
Related Topics :
CAclubindia
