Income tax return filing
This query is : Open
02 January 2016
One of my client running a Partnership Firm. The firm has correctly filed its Return of Income upto A.Y.2014-15. Husband and wife were partners in this firm. They have two sons both are minors. In an accident in May 2015, both the partners and one minor son were died. For the financial year 2014-15 respective A.Y.2015-16, the turnover is above 3 crores. Now how the Income tax return for the A.Y.2015-16 should be filed as its a TAX AUDIT CASE and also VAT Form WW Return for the financial year 2014-15 as the Turnover exceed 1 crore..
03 January 2016
Its very sad. Who is taking care of the survived minor child? His uncle/Aunt.
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The surviving minor child is the only legal representative liable to pay taxes of the firm as well as of the deceased parents. His Guardian has to take the responsibility by getting registered as a legal rep. on behalf of the minor.
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The surviving minor child is the only legal representative liable to pay taxes of the firm as well as of the deceased parents. His Guardian has to take the responsibility by getting registered as a legal rep. on behalf of the minor.
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