06 April 2024
Mr.x died in an accident. His legal heirs are his mother, his wife, his two major children. He has two shops and a house in tamilnadu. His mother wants to release her share in the above property to his daughter in law. Is it possible? If it so what is the tax liability to his mother and his wife for the transter between his mother and his wife's hands?
CAclubindia
