Quiz for the week (12 Oct 2026) :
Ram of Baroda aged 67 has income from let out properties, interest on bank deposits besides shares and securities. His 2 sons living in Delhi pay income-tax at the maximum marginal rate of tax. Both of them have 2 children each and all the children are young being aged below 9 years. Ram wants to appoint his brother Laxman and another brother Bharat as executors in the ‘will’ executed by him. State briefly the income tax implication of the income received by executors.
Share your thoughts on or before 19.10.2026.