Deceased father's income

This query is : Resolved

sumiraja (Querist)
Follow

22 July 2020 Sir as my father is dead due to chorona he has 80 lakhs bank balance and some properties till he has never paid any income taxes. But now we want to add his property and bank balance among three brother by filing first time income tax return can we pls suggest.

Eswar Reddy S

Eswar Reddy S (Expert)
Follow

22 July 2020 Income can be shown under IFOS :Income of other person and pay taxes.

Eswar Reddy S

Eswar Reddy S (Expert)
Follow

22 July 2020 Else take proper permission from IT Dept and add any one as representative assessee in E filing portal of dead person and pay taxes and file his ITR

sumiraja

sumiraja (Querist)
Follow

23 July 2020 Sir as nominee is mother he is willing to share this income as gift to her son.how tax will be calculated how much tax

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vignesh Pai

avulaandcopdrl 2023

Joyashish Maitra

Sreerama Reddy

Jagadeesh GR

Subscribe Now

Deceased father's income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA