If Interest is earned on a 5-year term deposit, which is in the name of the deceased,
Will that interest be included in income of legal heir ?
Only interest earned/accrued after death of the person is taxable in hands of heirs.
Chahat Bansal (226 Points)
02 April 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166227 Points)
Replied 03 April 2023
Only interest earned/accrued after death of the person is taxable in hands of heirs.
sabyasachi mukherjee
(27099 Points)
Replied 11 April 2023
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 11 April 2023
| Originally posted by : Dhirajlal Rambhia | ||
 |
Only interest earned/accrued after death of the person is taxable in hands of heirs. |  |
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