Answers On Topic: inheritance
  Property received on inheritance
Assessee is an individual and is an illegitimate child. Assessee received certain movable and immovable properties after the death of his father, who dies with out will. AO has given the Show cause as to why these amounts is not taxable under Income Tax? Whether the SCN is legally valid? Whether the amount received by assessee is taxable because assessee is illegitimate child? Is there any judicial decision to support assessee, about non taxability of amount received by assessee.


► Read Answer