Menu
Unsecured
Hello dear experts A Proprietor taken a unsecured loan from someone but now his death and no one can run his business then how to deal with this loan amount in books of accounts
Replies (1)
In My knlowledge money lander can recover the balance loaned amount from borrower "estate"which is the individual’s assets including money and property or legal heirs and gurantors.
Please check experts opinion also.
Recent Topic
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
Related Topics
CAclubindia
