banner_ad

Liability of payment of income tax..

Others 463 views 1 replies
User Avatar

student
139 Points Posted on 19 December 2013
What happens if a person who had to pay the tax in this A.Y. on his taxable income dies before making the payment..?! will the burden transfer to his heirs..?! PS:the original assessee only used or expended every single rupee of taxable income and the heir gets no assets or income from that assessee..
0 Reply Share Follow
On 19 December 2013 at 10:47 Report
Replies (1)
User Avatar

C.A
496 Points Posted on 19 December 2013

As per my view the liability will be restricted to extent of Deceased assets & income. If by these it can be realised then the department has a right to recover the same.

Reply
On 19 December 2013 at 11:20


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details