If some income is still received by family members of deceased assessee (which used to belong him), how to treat such income?
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How to deal with income of deceased assessee
Replies (4)
tax on such income if any, leived, shall be borne by the legal heirs of such deceased person.
regards,
ratan
such income is taxable in the hand of his/her Spouse or sons on the head of "Icome from other sources" some benfits like gratuty,insuranceetc.are exmpt
agree wid pavan reddy
The income should be included in the income of person who receives and gets the benifit of that income even legal heirs or other like nominees (if any) according to the exemptions and deductions under income tax act
OM SAI SRI SAI JAI JAI SAI
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