Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

Exempted receipt of Gifts by Individual - Proof, Income Tax

Issue Id: - 119201
Dated: 9-7-2024
By:- Ethirajan Parthasarathy

Exempted receipt of Gifts by Individual - Proof

  • Contents

U/S 56 (2) amounts received consequent to WILL is exempt even if the deceased does not fit into definition of “relative” for the legatee. The executor of the WILL has released money to legatee, but he is not willing to share the copy of the WILL for obvious reason (Privacy).

What other proof our group can think of to support the legatee to get tax exemption since mere confirmation from the executor may not be actual proof of succession through WILL.

Post Reply

Posts / Replies

Showing Replies 0 to 0 of 0 Records

No Post / Reply found for this query

Post Reply

Quick Updates:Latest Updates