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Death

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(Querist)
14 April 2012 e.g. Mr x dies on 15.4.2011.
He has FD of Rs . 100000/- @ 10% p.a.
the FD still remains as on 31.03.2012
Then how much will be taxable in the hands of late Mr. X and his family members
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prateek aanchalia

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prateek aanchalia (Expert)
14 April 2012 After Mr. X death that income shall be taxable in the hand of person (who get all assets and liabilities of Mr. X). so that income taxable in the hand of benefical person. taxbale income is Rs. 10000/-(interst income)for the FY11-12.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
14 April 2012 Agree with expert.
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Anand Modi

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Anand Modi (Querist)
14 April 2012 so will it be taxable after 15.04.2011 or from 01.04.2011 please specify
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