Tax calculation in case of death

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2012 suppose a person dies on 31/10/xx and his assets are distributed till 31/01/xx, so for calculating income tax income till date of death is to be considered or till date of distribution??

@VaibhavJ

@VaibhavJ (Expert)
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07 December 2012 Hey

It is to be considered till date of distribution.

Thanks//Vaibhav

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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07 December 2012 Income in the hands of the deceased shall be computed till the date of his death.

Income arising after the death out of assets held by the deceased shall be taxable in the hands of the legal heir/s.

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