Easy Office
LCI Learning

Death if proprietor


15 June 2013 in case of death of the proprietor on 16th august, depreciation claim would be allowed for half year or not ?
also, fdr interest earned till 31st march would be clubbed with the income of the executor or in the income of assessee and what about tds deducted by bank on such interest ?

15 June 2013 make p/l till the proprietor death and calculate proit above date with intt. or other income as earned by the properietor.

after that the executor will responsible for that
pls intimate to bank for above incident.
and inform the pan of executor.


15 June 2013 how will be the calculation of depreciation..?? half yearly or as per no. of days till 16th august..??




15 June 2013 No of days

17 June 2013 if bank is not been intimated and FDR income is been credited to assesses a/c till 31 march 2013 instead of 16 august 2013 (death date)
and tds has been deducted on such income
then benefit of TDS would be given to executor or assessee?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries