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CA Sanjiv Kumar
Enlightened
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  1. CA Manish Kumar Gupta Enlightened

    Hi You can mention ancestral property in your Will only to the extent of your own share.You cannot will the entire ancestral property if it belongs to a Hindu Undivided Family (HUF) or is undivided. To avoid future disputes: Clearly state in the Will whether the property is self-acquired or ancestraRead more

    Hi

    You can mention ancestral property in your Will only to the extent of your own share.
    You cannot will the entire ancestral property if it belongs to a Hindu Undivided Family (HUF) or is undivided.

    To avoid future disputes:

    • Clearly state in the Will whether the property is self-acquired or ancestral.

    • If it is ancestral and you are bequeathing only your share, mention it specifically.

    • You may include a declaration in your Will like:

    “I hereby bequeath my share in the ancestral property situated at [Address], which stands to my name after partition, to my daughter [Name]…”

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CA Sanjiv Kumar
Enlightened
Asked: In:

  1. CA Manish Kumar Gupta Enlightened

    No, Notarization or Registration of a Will is Not Mandatory under Indian Law.But both are optional legal steps that can help reduce disputes and strengthen the Will’s authenticity. Section 63 of the Indian Succession Act, 1925: It lays down only three mandatory conditions for a valid Will: It must bRead more

    No, Notarization or Registration of a Will is Not Mandatory under Indian Law.But both are optional legal steps that can help reduce disputes and strengthen the Will’s authenticity.

    Section 63 of the Indian Succession Act, 1925:

    It lays down only three mandatory conditions for a valid Will:

    1. It must be in writing.

    2. Signed by the testator.

    3. Attested by two or more witnesses.

    Also, Section 18(e) of the Registration Act, 1908 says that 

    “The registration of a Will is optional.”

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CA Sanjiv Kumar
Enlightened
Asked: In:

  1. CA Vishnu Ram Enlightened

    Penalty codes 11C and N11C serve different purposes under the Income Tax Act: 11C is used for general penalties imposed by the Income Tax Department under various sections, such as under-reporting of income (Section 270A) or concealment of income (Section 271(1)(c)). If you have received a penalty dRead more

    Penalty codes 11C and N11C serve different purposes under the Income Tax Act:

    • 11C is used for general penalties imposed by the Income Tax Department under various sections, such as under-reporting of income (Section 270A) or concealment of income (Section 271(1)(c)). If you have received a penalty demand notice, you should use Code 11C when making the payment.

    • N11C is specifically for late filing fees under Section 234F. If you file your Income Tax Return (ITR) after the due date, you will need to pay a penalty of ₹1,000 (if total income < ₹5 lakh) or ₹5,000 (if total income > ₹5 lakh). For this, use Code N11C while making the payment through the Income Tax e-filing portal.

    ✅ Conclusion: If you’re paying a late filing fee for delayed ITR submission, use N11C. For other penalties issued by the tax department, use 11C. Always verify the payment details before proceeding.

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