Unsecured loan, Income Tax

[MITHUN SAHA]

sir,

In F/Y 2013-14 my uncle has taken ₹ 45000/- as unsecured loan on 06/06/2013. But my uncle expired last month with a heart attack.. till then no payment was made by my uncle against above loan given to him.My Question is : A) can i take cheque from my Auntie for the above or what can i do to nullify the loan so that no issue is raised as per IT act.

Posts / Replies

[arun gupta]

check d books of account of ur uncle wat assets he had.

ur money must be dere in his balance sheet ,

either invested somewhere in stocks or advances or in cash

so take dat share from dat person to whom d entire capital of ur uncle is gonna be transeferrd