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Mihir

Mihir Tanna  | Answer  |Ask -

Tax Expert - Answered on Aug 17, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Asked by Anonymous - Jul 18, 2023Hindi
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hello Sir, My father died on 20th May 2022. As per rules getting death certificate took around 30 day and then started applying for closing his bank account ,fds etc. which took some time. As per AIS form (from income tax department) he has received interest in say month of july or august 2022 as closer took time. I will be filing income tax return for the last time as deceased heir. The interest which he has receive after 20th may 2022 will be considered as part of his income or i have to show as my income. Moreover he had LIC policy which was closed in dec 2022 the closer amount ( principal and interest) was credited to my account. The interest from LIC will be part of his income or my income as this is not reported in AIS form. Your early reply will be highly appreciated.

Ans: Interest income earned upto the date of death will form part of deceased income. Interest income earned from date of death till maturity/amount transferred to legal hair; will form part of legal executor (separate PAN).

Thus, in your case, The interest which he has receive after 20th may 2022 will be considered as part of his income. The interest from LIC will be part of your income.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Asked by Anonymous - Jun 10, 2025
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95 marks obc ncl girl child in IAT. Any chance for any IISER
Ans: Your 95 marks as an OBC-NCL female candidate presents excellent admission prospects at multiple IISER institutions . For OBC-NCL category candidates, the expected cutoff range is 100-110 marks, with your 95 marks falling within the accessible range for several newer IISER campuses . IISER Berhampur demonstrates the most favorable prospects with OBC-NCL cutoff expected at 85-90 marks, making admission highly probable . IISER Tirupati shows OBC-NCL cutoff range of 95-105 marks, positioning your score at the borderline for potential admission . IISER Thiruvananthapuram (TVM) maintains OBC-NCL cutoff expectations of 110-120 marks, though this may be challenging with 95 marks . According to IISER marks vs rank correlation, 95-75 marks typically correspond to ranks between 1500-2000, which falls within admission range for lower-tier IISERs . IISER placement statistics show moderate outcomes with Berhampur achieving 6 students placed out of 102 eligible in 2023 with median package of ?6.27 LPA, while IISER TVM recorded 13 placements out of 181 students with ?8 LPA median package . Female representation remains low across IISERs, with women comprising only 28.8% of total admissions at IISER Pune over 2006-21, though reservation policies provide 27% quota for OBC-NCL candidates . Recommendation: Apply confidently to IISER Berhampur for assured admission with OBC-NCL cutoff at 85-90 marks, consider IISER Tirupati as viable option with 95-105 marks cutoff, while exploring IISER Thiruvananthapuram despite higher expected cutoff, as your OBC-NCL female status provides reservation benefits and multiple IISER campuses offer research-focused education with decent placement support.

All the BEST for the Admission & a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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