Mother FD matured and recd by daughter after mother's death

Nikita Kulkarni (STUDENT) (262 Points)

30 August 2018

An assessee received amount from mother after her death regarding FD matured. Is this amount taxable in the hands of daughter?

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Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 30 August 2018

yes it will be taxable in the hands of daughter as it will be linked with daughter's PAN

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Nikita Kulkarni (STUDENT) (262 Points)
Replied 30 August 2018

But the mothers return will be filed by daughter as representative assessee right?

Piyush Shirodkar (CA Final Student) (1358 Points)
Replied 31 August 2018

No you cannot as mother is no more and should apply for cancellation of PAN, daugther should file her mother's incorporated income

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