A PPF account holder dies. His legal heir claims the balance and credits the same to his account. Is this amount [more than 10 lacs] attracts tax? Otherwise the legal heir is not an income tax assessee
Gaurav Agrawal (MCPD) (114 Points)
12 March 2014A PPF account holder dies. His legal heir claims the balance and credits the same to his account. Is this amount [more than 10 lacs] attracts tax? Otherwise the legal heir is not an income tax assessee
Manoj Mehta
(Head Of Department (Accounts & Finance))
(1479 Points)
Replied 12 March 2014
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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