P K SHODHAN (MANAGER) (26 Points)
05 September 2021What is the format of Undertaking to be taken from a beneficiary who is receiving money pursuant of a Will of the deceased person so as to close all future claims to the Will ?. Is the undertaking to be taken on a Stamp Paper?
Any other format to be signed by the beneficiary for Income tax purpose other than as required by Law ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 06 September 2021
If nomination was submitted, just indemnity Bond on Rs. 200/- stamp paper is sufficient.
Otherwise get 'Will' Probation.
P K SHODHAN
(MANAGER)
(26 Points)
Replied 06 September 2021
Thank you for the reply, Sir.
My query was whether there is an undertaking to be taken from the beneficiary by the executor in complete discharge of the terms of Will? If yes, can give a suggested format, please. Regards.
CAclubindia
