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Inheritance

Anita Nair (1 Points)

21 December 2020

fdr received on inheritance. is it taxable.

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Sivaramaraju G (Learner) (2398 Points)
Replied 22 December 2020

Anything you got from inheritance is not taxable

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sabyasachi mukherjee (27413 Points)
Replied 22 December 2020

Inheritance and gift are two different aspects.
Inheritance from parents is not taxable.
But ,gift in excess of Rs.50000 is not taxable.

ayusmita (Tax consultant) (5885 Points)
Replied 22 December 2020

FDR received on inheritance is not taxable
but interest you get after the person who give the FDR is taxable in your hand
but if you reinvestment it as per your own .... will be taxable in your hand

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Krishna Chaudhary (Accountant) (4531 Points)
Replied 09 January 2021

I think it will not be taxable since it is received as inheritance

CA Rashmi Gandhi (Chartered Accountant) (86318 Points)
Replied 23 January 2021

FdR received is exempted but interest thereon is taxable in your hands

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