AFTER DEATH
This query is : Resolved
28 November 2010
if my father has died, so i get money from his bank a/c as i was nominee/legal hiers.
will it be included in my income?
Is it taxable under income tax act?
will it be included in my income?
Is it taxable under income tax act?
28 November 2010
Yes the same will be included in your income.
Yes the same will be taxable provided your income exceeds the minimum taxable limit.
Yes the same will be taxable provided your income exceeds the minimum taxable limit.
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