LTCG capital gains taxable in whose hands in case of death of the assessee before filing of return U/s 139(1) & the due date for filing has expired? Who shuld file the Return of Income? Is it taxable?
Rashmi (CA-Final-articled assisstant) (48 Points)
18 January 2010LTCG capital gains taxable in whose hands in case of death of the assessee before filing of return U/s 139(1) & the due date for filing has expired? Who shuld file the Return of Income? Is it taxable?
C.Balaji
(Learner)
(1867 Points)
Replied 19 January 2010
Ms.Rashmi
It will taxable in the hands of legal heirs, if there is no Will...
If there is a Will, it will be taxable in the hands of the person named in the Will.....