b="CCI Pro" mob_l="/pro/?utm_source=androidapp&utm_medium=banner&utm_campaign=cciprobrowse" mob_alt="CCI pro" homeside1="/wellwisher/cci/prosidebanner.webp" homeside1_l="/pro/?utm_source=homepage&utm_medium=banner&utm_campaign=cciprobrowse" homeside1_alt="CCI Pro" homeside2="" homeside2_l="" homeside2_alt="" prostrip="/wellwisher/cci/prostrip.gif" prostrip_l="/pro/?utm_source=strip&utm_medium=banner&utm_campaign=cciprobrowse" prostrip_alt="Join CCI Pro" %>
Easy Office
Easy Office

Tax on deceased income


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 August 2014 Hello Dear,
My questions are as under:
1. if a person who has died never assessed to Income tax, his movable as well immovable property shall be treated as capital receipts or not in his legal heirs'hands?

2. "A" died some time ago having PAN but not filed any ROI, before dying he sold his house for rs. 1.87 crore, what will be tax status for him or his legal heirs? will they have to pay cap. gain tax or all receipt is capital recpt?
This is AIR transaction. will it change answer had it not been AIR transaction?
KINDLY REPLY BOTH QUES. SEPRATELY.
THANKS IN ADVANCE

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 September 2014 This query is standing un resolved since 26.08.2014. Dear EXPERTS Kindly reply soon, its urgent



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries