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Can legal heirs be liable for a deceased parent’s income tax dues? Experts explain
The brief
- Legal heirs may be liable for a deceased parent’s income tax dues under Section 302 of the Income-tax Act, 2025
- Clarifies tax exposure for heirs of Indian taxpayers
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1
- Buyers of property from non-residents can use PAN and Form 141 for TDS