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CMA Intermediate · Direct and Indirect Taxation · Residential Status and Scope of Total Income

Under the Income-tax Act, 2025, for which period are separate assessments made on an executor in respect of the estate of a deceased person?

Separate assessments are made for each completed tax year or part of a year in the period from the date of death until the estate is completely distributed to the beneficiaries according to their several interests.

  1. AOnly for the tax year in which the death occurred
  2. BFor each completed tax year or part thereof from the date of death to the date of complete distribution to beneficiariesCorrect
  3. CFor a fixed period of five tax years after the death
  4. DOnly for the tax year in which the will is probated

Explanation

Section 312(5) requires separate assessments on the total income of each completed tax year or part thereof in the period from the date of death to the date of complete distribution of the estate to beneficiaries according to their several interests. No fixed five-year or probate-based period appears.

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