Unsecured loan in case death of lender
This query is : Open
12 July 2021
Section 269T provides that any loan or deposit shall not be paid by any person otherwise than by an account payee cheque or account payee bank draft
if a lender given loan to a person but due to death of lender (loan given party). could his loan amount transferred to in the name of his son through journal entry in the books of account of borrower party..
if a lender given loan to a person but due to death of lender (loan given party). could his loan amount transferred to in the name of his son through journal entry in the books of account of borrower party..
12 July 2021
Yes same would be transferred in the name of his legal heir by way of book entry.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
