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