Cash in spouse bank after death
This query is : Resolved
vamshi krishna
(Querist)
04 June 2013
Sir
Pls help me my client's Husband met with an accident and dead.in his savings account having Rs.2500000,that amount transferd to wifes account directly what is the tax implication on this income.
Pls help me my client's Husband met with an accident and dead.in his savings account having Rs.2500000,that amount transferd to wifes account directly what is the tax implication on this income.
CA Sumiit B Nagpal
(Expert)
04 June 2013
These are capital receipts in the hands of the spouse. No tax Implication.
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