Mother, son, daughter.
Mother made "will" that if she is death then her bank FD is trs to her son & daughter in a ratio of 50%.
Que:fd 1st holder is mother & 2nd holder son. Now, mother is death then her bank fd amt including interest automatically trs to his son..... Son received income when a mother is death, is it TAXABLE in hand of son?.
Que: As per "will" made by mother fd income divided into 50% in hand of son & daughter. NOW fd is joint holder 1st mother & 2nd son.
When death of mother fd Income comes in hand of son (100%)income then after 50% of that Income trs to his sister. Now this case income tax applicable in hand of sister?.
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