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Inheritance
fdr received on inheritance. is it taxable.
Replies (5)
Quick Summary
Anything you got from inheritance is not taxable
Inheritance and gift are two different aspects.
Inheritance from parents is not taxable.
But ,gift in excess of Rs.50000 is not taxable.
Inheritance from parents is not taxable.
But ,gift in excess of Rs.50000 is not taxable.
FDR received on inheritance is not taxable
but interest you get after the person who give the FDR is taxable in your hand
but if you reinvestment it as per your own .... will be taxable in your hand
but interest you get after the person who give the FDR is taxable in your hand
but if you reinvestment it as per your own .... will be taxable in your hand
I think it will not be taxable since it is received as inheritance
FdR received is exempted but interest thereon is taxable in your hands
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