Ram proprietor of ABCD Firm taken loan from his son Ravi Rs. 1 Lakh in 2016-17.
In 2019-20 Ram died and Ravi became the proprietor of the said firm.
Now my question is that whether Ravi's unsecured loan can be transferred to his capital A/c.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
