Income of Deceased Assessee

This discussion addresses the tax implications of term deposit interest received after an assessee's death. The core question is whether the entire interest is taxable in the deceased's final return or if it should be apportioned. The consensus suggests that interest accrued up to the date of death is taxable in the hands of the deceased, while any subsequent interest is taxable in the hands of the legal heir, provided the deceased filed tax returns regularly.