Sir,
My mother given load to one of our relative. Sadly, My mother passed away recently.
I wanted to know that is loan kept as current asset in my mother account to that person - can transfer as it is to her legal heir account? same like other asset and liability transferred? So legal heir now become lender to that person?
Thanks and regards.
Yes, based on succession certificate or "probate of Will"
Arpan Bohra & Co
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S.B.G. & CO. CHARTERED ACCOUNTANTS
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