Rashmi (CA-Final-articled assisstant) (48 Points)
18 January 2010LTCG on sale of a residential house property will be taxable in whose hands in case of death of the assessee before filing the return, & the due date for filing U/s 139(1) has expired?
Pooja Rane
(Working)
(159 Points)
Replied 18 January 2010
in both d cases...the legal heir.. to extend he has reced d property....
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 18 January 2010
It shall be taxable in the hands of legal heirs of the assessee. If they have filed their return, then they can revise it.
C.Balaji
(Learner)
(1867 Points)
Replied 19 January 2010
Ms.Rashmi
It will be taxable in the hands of Legal heirs - no Will
Will - taxable in the hands of the person named in the Will...
CAclubindia
