Inheritance1
This query is : Resolved
Quick Summary
Ecstasyvio
(Querist)
09 June 2024
My mother passed away two years before .her 1/3rd share of money will come to me.what is the tax treatment.?
Dhirajlal Rambhia
(Expert)
09 June 2024
Exempt u/s. 56(2) IT act.
Message likes :
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Ecstasyvio
(Querist)
10 June 2024
so need not be shown anywhere in ITR?
Dhirajlal Rambhia
(Expert)
10 June 2024
Better to declare it under Schedule EI.
Ecstasyvio
(Querist)
10 June 2024
thanks for the timely advice
Dhirajlal Rambhia
(Expert)
10 June 2024
You are welcome.
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