Answer this question....

GAURAV JAIN (C.A. F!N@L Group-1 Clear...)   (278 Points)

29 July 2011  

a man  has four sons and wife and he had let his property to the bank and he died in dec. 2008. the house property was in the name of man and the case went to court and jugdement of the court came in oct. 2010 that the income from the house property will be distributed amongst the five person equally and bank remmited the money to them after deducting T.D.S. in oct. 2010.

now my question is that in whose hand and in which year income from house property will be taxable for the period of dec. 2008 to march 2010 since they had not filed any return of income till now as the income earned by them earlier is below the taxable limit.