Good day to all
My Dad expired in Aug 2023 . Some of his Fds were transferred to his wife (my mom) in say November and others in Jan 2024.
I need to understand the following
Is the interest earned until date of transfer taxable to my deceased dad and interest erned after that added to the income of my Mom? bank (
The Form 26A and AIS show entries in my Dad's name but one of the banks (Indian bank) has shown all interest earned by my dad prior to transfer under my Mom's income earned statement
What is the correct way of handling this?
Is the bank wrong?
CAclubindia
