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Discussion > Income Tax > Tax queries >

Mothers income received by son after her death

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Accounts Executive


[ Scorecard : 30]
Posted On 06 January 2011 at 12:45 Report Abuse

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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U S Sharma
glidor@gmail.com


[ Scorecard : 19386]
Posted On 06 January 2011 at 12:51

its not income of son but capital receipt not taxable in hands of son




CA NEHA AGARWAL
Practise


[ Scorecard : 215]
Posted On 06 January 2011 at 13:08

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

He is correct



Dheeraj
Learner


[ Scorecard : 1075]
Posted On 06 January 2011 at 16:26

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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