Mothers income received by son after her death


Accounts Executive

mother bank account closed & balance received son account after her death. how i treat in tally & income tax. Mother income received by son after her death. Not Only the bank balance. my mother income are royalty, bank interest & etc. all is received by her son after his death.

 
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glidor@gmail.com

its not income of son but capital receipt not taxable in hands of son
 
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Originally posted by : U S Sharma
its not income of son but capital receipt
not taxable in hands of son

He is correct
 
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Learner

the amt recd by the way of will or any other related means is not taxable in the hands of receiver

 
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