Estate account
This query is : Resolved
24 July 2013
Estate account whether claim self occupied property?.
Refer any case law?
Refer any case law?
24 July 2013
pls clearify what is estate account.
25 July 2013
It's a generic term used to describe an account in the name of an estate of a deceased person. The account can be opened by the representative of the estate, usually referred to as an executor/trix or administrator/trix. This individual -- sometimes referred to as a personal representative of the estate -- will have court documents of appointment. To establish an estate account, the personal representative must provide copies of the decedent's death certificate and the court appointment, in addition to whatever personal ID the bank requires. He or she will also have to obtain and provide an IRS-issued EIN for the estate.
25 July 2013
Under income tax act they fall in the category of 'legal Representative'.
Yes for 1 House property they can apply for self occupied property.
Yes for 1 House property they can apply for self occupied property.
26 July 2013
Representative already claim one house property.now again claim one house property in Estate account.any case law? whats is the charging sec?
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