P K SHODHAN (MANAGER) (26 Points)
30 August 2021(1)What are the documents required for receiving money under a Will of a deceased NRE account holder who is a related Uncle.
(2)Is the certified true copy of the Will required for tax purposes by each beneficiary of such receipt ?
(3) What is the Income-tax or any other tax involved for such receipt of money above the standard limit?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 31 August 2021
1. WILL of the deceased person along with its Probate.
2. Yes.
3. Its non taxable as of today.
CAclubindia
