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Liability of payment of income tax..

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student
139 Points Posted on 19 December 2013
What happens if a person who had to pay the tax in this A.Y. on his taxable income dies before making the payment..?! will the burden transfer to his heirs..?! PS:the original assessee only used or expended every single rupee of taxable income and the heir gets no assets or income from that assessee..
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On 19 December 2013 at 10:47 Report
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C.A
496 Points Posted on 19 December 2013

As per my view the liability will be restricted to extent of Deceased assets & income. If by these it can be realised then the department has a right to recover the same.

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On 19 December 2013 at 11:20


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