due to sole properitor's death the business has been dissolved. so the capital was taken as cash by his legal heirs. do this attract tax
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Tax effect when sole properitor demises
Replies (3)
but legal hiers will have to file return o deseased person
| Originally posted by : future ca | ||
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but legal hiers will have to file return o deseased person |
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Agreed
return filing is ok as it has to been ......by the legal heirs
no tax is attracted in this case
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