PLEASE ANSWER MY FOLLOWING QUERIES
1) WHERE ESTATE RETURN IS FILED?
2) UPTO WHAT TIME ESTATE RETURN CAN BE FILED?
3) WHAT IS TAX IMLICATIONS FOR HEIRS?
Menu
RETURN OF ESTATE
Replies (2)
Dear Kaushal
1) Where a person dies without making any will then till inheritance takes places among heirs either with consent or by an order of court, the income from the assets of the deceased is taxable separately as a "Income of Estate"
2) Time limit for filing return is same as that of other assessees.
3) This estate return is to be filed till the date of inheritance by heirs. After that the income from the assets will be taxable in the hands of respective heirs based on assets inherited.
Mr.Amir Brother is right......He is brilliant....
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
