Capital gain on sale consideration received by the legal heirs of deceased assessee

Mahedi Sunasara (Chartered Accountant) (31 Points)

25 December 2015  
Amount of sale consideration on sale of Residential received by the wife on death of Individual Asseessee, what are the tax treatment under section 54 of income tax act? what is the meaning of Assessee in the context of Section 54 of Income Tax Act