If Interest is earned on a 5-year term deposit, which is in the name of the deceased,
Will that interest be included in income of legal heir ?
Only interest earned/accrued after death of the person is taxable in hands of heirs.
| Originally posted by : Dhirajlal Rambhia | ||
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Only interest earned/accrued after death of the person is taxable in hands of heirs. |  |
Perfect
Thanks.
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