Tax Implications On Civil Death In India: An Analysis Of Legal And Financial Consequences
- IJLLR Journal
- 3 hours ago
- 1 min read
Tanishq Arora, KIIT School of Law
ABSTRACT
The concept of "civil death" in India, though not explicitly defined in legislation, carries historical and religious significance. It pertains to individuals who, upon taking certain vows or entering specific religious orders, are deemed civilly dead, forfeiting certain civil rights and social interactions. This research paper delves into the unexplored territory of the tax implications arising from this unique status.
Civil death alters a taxpayer's legal status, impacting their tax filing obligations and eligibility for credits and deductions, potentially leading to a shift in tax filing categories. Additionally, civil death can result in significant estate and inheritance tax implications, with assets becoming immediately taxable or subject to valuation adjustments, affecting the estate and prospective beneficiaries. Furthermore, ongoing financial transactions may be affected, changing tax credits, deductions, and exemptions, ultimately altering the total amount of taxes owed. Adjustments to tax planning and compliance processes may be necessary due to accelerated estate planning requirements.
The idea of civil death has an impact on the tax system and calls for careful consideration and specialized knowledge. Ensuring equitable and efficient tax administration while protecting the interests of taxpayers and the state requires tax professionals, legal advisors, and policymakers to navigate the complexities of civil death. This research paper emphasizes how crucial it is to discuss tax implications in the context of the complicated legal system governing civil death.
Keywords: TDS, civil death, tax liability.
