Dear experts , Need you advice... In Partition , i have received 20 tola gold and 3 kg silver and 3 lakhs cash . Partition was done amoung all brothers after fathers death . After mothers death , i also got 50,000 cash . there was 10 years gap in my mother and father's death . I hvae made an fd from that amount . Will it be considered as my income or will it be exempted from my income ? I have a partition deed but it was not prepared at that time it was prepared After mother&father's death .
CAclubindia
