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.

 
Reply   
 
glidor@gmail.com

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



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

He is correct
 
Reply   
 
Learner

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

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  



 


Search Forum:





× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
  SHARE THIS