Dear Pankaj,
My Grand Mother had sold agriculture land in urban area & the LTCG amt. earned has been deposited to her bank a/c. She has also made a will deed wherein she has clearly specified that all the money in her bank will be transferred to me (grandson) after her death.
Please note that the bank a/c in which LTCG amt deposited was joint a/c(held by me & my grand mother;either or survival case).
Now as my grand mother has passed away, please let me know whether the entire amt. in her bank a/c will be automatically transferred to me (as per the will) or I'll be get the amt. only after tax deduction??
Also,clear if i get the entire bank amt.,the LTCG tax liability will be borne by me or not??
