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Treatment in accounts

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(Querist)
26 March 2018 Dear sir/madam,
Mr X has received a sum on account of FD redemption & Bank balance as a legal heir, my question is where do we account the proceeds.
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Sandeep Dharar

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Sandeep Dharar (Expert)
26 March 2018 All the taxable income of the deceased will be taxable in the hands of legal heir. And the exempted incomes will be treated accordingly.

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