About dead person
This query is : Resolved
04 August 2011
if the person id dead on 31/3/2011 than is he required to file his return and if he is required to file than who is risponsiable??
04 August 2011
As the person concerned has been died, his legal representative is required to file his return.
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04 August 2011
Dear Sir,
what about his lic it will be matured and that other income will get reflected under that responsiable person account is that so??
what about his lic it will be matured and that other income will get reflected under that responsiable person account is that so??
04 August 2011
and now a days we are filling e return than how will the income tax department will come to know that the person is dead and on his be half his representative is signing the return..... because nothing is asked in the form like the person is dead or alive
04 August 2011
The death claim is received by nominees in the policies and these are tax free amount.
.
It is not necessary that the same person should be treated as legal representative(LR). If nominee is his wife, his return can be filed by her or his major son.
.
For the removal of doubt, a separate return of the expired assessee will be filed as if he is alive. But the verification on ITRV will be made by the LR.
LR is if an assessee, he will show his own income in his personal return.
.
You have to tick against the clause -Whether return is being filed by representative assessee as yes
and also to mention the name of the LR while e-filing.
It is the "best departmental manner" for asking
"Whether the person has gone away (from India) or far away."
.
Income Tax Department first believes in collecting the taxes. If tax is duly paid they are not bothered whether the assessee is alive or dead.
.
.
It is not necessary that the same person should be treated as legal representative(LR). If nominee is his wife, his return can be filed by her or his major son.
.
For the removal of doubt, a separate return of the expired assessee will be filed as if he is alive. But the verification on ITRV will be made by the LR.
LR is if an assessee, he will show his own income in his personal return.
.
You have to tick against the clause -Whether return is being filed by representative assessee as yes
and also to mention the name of the LR while e-filing.
It is the "best departmental manner" for asking
"Whether the person has gone away (from India) or far away."
.
Income Tax Department first believes in collecting the taxes. If tax is duly paid they are not bothered whether the assessee is alive or dead.
.
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04 August 2011
and if that person is gating refund than will it be received by LR
04 August 2011
Yes.
For that he can make request in writing to the Income Tax Department with nominal formalities.
In case the Bank Account has yet not been closed, you can wait for refund and later it can be closed.
For that he can make request in writing to the Income Tax Department with nominal formalities.
In case the Bank Account has yet not been closed, you can wait for refund and later it can be closed.
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