About executor
This query is : Resolved
09 November 2011
Mr. X (85 Years Old) is Dead on 09.04.2011 and he has not prepared will and now if any property of Mr. X is sold for profit by executor (His Son) in F.Y. 2011-12 after his death then whether it will be taxed to his son or Mr. X
10 November 2011
After the death, execution of property has also been completed. As such the income will be taxed in the hands of the person who has stepped in. So it will be taxable in the hands of the son of X in case he alone has become the owner.
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