If a Assessee died on 16 Aug 2021 and he received interest of 5 year Term deposit of 67000 on 15 Feb 2022
Now whole 67000 will be taxable in hands of deceased ?
Or 5 months interest before death will be taxable in hands of deceased and remaining would be taxable in hands of Legal hier ?
Menu
Income of Deceased Assessee
Replies (3)
In my opinion, income earned or accrued till the death of the assessee i.e. 16th August 2021 will be taxed in his hands and the remaining i.e. from 17th August on wards will be taxed in the hands of legal heir.
Provided the assessed filed ITR regularly .
Only 5 month interest added in income of deceased , rest to be taxable in hands of legal heir
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- Heard & Seen Around – Your Daily Economi
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
