POSTED BY April 28, 2012 5:09 pm COMMENTS (9)ON
i got some money as a nominee of a deceased in f.y. 2011-12 and 2012-13. there is no will and it will be ultimately donated to the organization decided by the legal heirs(INCLUDING MYSELF) before end of f.y.2012-13. the deceased was a non taxpayer as her income was well below income tax limit.. my queries:
1.where should i show the receipt of the money as nominee in my i.t. return for f.y.2011-12(and also f.y.2012-13)?
2. there would be some income on this money. should it be accounted to me or the deceased? where should this income be shown in my income tax return in yr of income, if it is required to be shown in my income tax return?