16 February 2012
1. if a company has given a loan to any person and that person dies then what will be the treatment of that loan in the hands of the company? 2. similarly if a company has received a loan from any person and that person dies then what will be the treatment of that loan in the hands of the company?
Guest
Guest
(Expert)
18 February 2012
1. Loan (Dr.) will be shown in the name of legal heirs of deceased.
2. Loan (Cr.) will be shown in the name of legal heirs of deceased.
01 March 2012
but if there is no one coming forward for the loan taken by the company or loan given by the company than what will be treatment of the loan amount in the hands of the company. is it capital receipt not taxable or any thing else.
Guest
Guest
(Expert)
02 March 2012
Then it will be taxable for the company.