Gajeswari.A (Accounts Executive) (30 Points)
06 January 2011mother bank account closed & balance received son account after her death. how i treat in tally & income tax. Mother income received by son after her death. Not Only the bank balance. my mother income are royalty, bank interest & etc. all is received by her son after his death.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 06 January 2011
CA NEHA AGARWAL
(Practise)
(227 Points)
Replied 06 January 2011
| Originally posted by : U S Sharma | ||
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its not income of son but capital receipt not taxable in hands of son |
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Dheeraj
(Learner)
(1100 Points)
Replied 06 January 2011
the amt recd by the way of will or any other related means is not taxable in the hands of receiver
CAclubindia
