Does one need to pay tax on Capital gains in the assessee passes away during the FY and after disposing of one's share holding investment causing a LTCG tax liability of
say Rs 45 k ....
(in case of Super senior citizen does the representative assessee has to discharge any such tax)
Gratefully obliged for a professional response..
thanks 🙏
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CG taxation on death of assessee
Replies (3)
Quick Summary
Yes, legal heir is required to file his return and discharge tax liability, if any.
Thanks
would be interested in tax saving if CG consideration be deposited by 31/3 to minimise tax burden under capital gains scheme.
is there any scope or tax or interest minimise before ITR filing
would be interested in tax saving if CG consideration be deposited by 31/3 to minimise tax burden under capital gains scheme.
is there any scope or tax or interest minimise before ITR filing
Yes, it can be invested by legal heir and tax can be saved.
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