What is the format of Undertaking to be taken from a beneficiary who is receiving money pursuant of a Will of the deceased person so as to close all future claims to the Will ?. Is the undertaking to be taken on a Stamp Paper?
Any other format to be signed by the beneficiary for Income tax purpose other than as required by Law ?
If nomination was submitted, just indemnity Bond on Rs. 200/- stamp paper is sufficient.
Otherwise get 'Will' Probation.
Thank you for the reply, Sir.
My query was whether there is an undertaking to be taken from the beneficiary by the executor in complete discharge of the terms of Will? If yes, can give a suggested format, please. Regards.
CAclubindia
