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The Economic Times

Personal Finance / The Economic Times

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Succession Planning: 8 key tax considerations you should take into account

Succession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's representative. Income arising after death is taxable to the executor or administrator. Individual and HUF property tax treatments differ significantly based on acquisition. Proper record-keeping is essential for calculating capital gains and tax liabilities.

18 Aug 2026 3:18 pm