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TAX LIABILITY OF LEGAL HEIRS

Can PF, superannuation, leave salary, gratuity & pay arrears of a deceased employee be taxed? Benjamin Franklin said that, “Only two things are certain in life, death and taxes.” In several countries including the US and UK, taxes are not only a concern for an individual during his lifetime, but also a nightmare that continue to haunt the family of the deceased. Fortunately post 1985, legal heirs in India have...

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