Representative assessee

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)

24 July 2012  

An assessee died after completion of financial year (in May 2012), he has lot of capital gain. His representative has to file IT return, can his representative invest money in capital gain account scheme u/s 54B and 54F to claim exemption in his (assessee) name? If not then what is remedy available with representative to save tax?