EASYOFFICE
EASYOFFICE
EASYOFFICE

Treatment of Transfers into Bank Account after death of Assesee

This query is : Resolved 

20 February 2022 Sir,
One of my client got expired last year and his son unknowingly/not informed about this fact for a month, as usual sent gift on occasion of my clients birthday out of his salary to the bank account of the deceased after death, as well as he paid from his account the regular maintenance charges/light bills etc

I have kept the same amounts under suspense account in my clients son account as will is not probated yet so before distribution of the wealth can it be shown as gift or withdrawals in books?

Please reply

Thanks in Advance

Regards

20 February 2022 Consider it as fund transfer as after father's birth the account belongs to son.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries