Treatment of income of deceased person
HARISH KUMAR
(Querist) 08 January 2012
This query is : Resolved
ONE OF MY CLIENT'S FATHER EXPIRED ON 07/01/2012, He was regulary filing Income tax return showing income from commission and FDR Interest. With respect to the treatment of income of the deceased, I opined that Interest Income of F.D.R before Maturity can be treated as Estate. pre-death .i.e commission can be treated as Income of the deceased through legal heir. Please clarify whether I am right or not.
Raj Kumar Makkad
(Expert) 08 January 2012
Your contention is erroneous. Such income shall nto be treated as income of deceased through his heir rather the same shall be attributed now exclusively to his legal heirs irrespective of who so ever are they.
prabhakar singh
(Expert) 09 January 2012
On heirs every thing shall devolve now after his death.
