Non filing of the return of deceased person

This query is : Resolved

HIMESH (Querist)
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27 January 2019 Dear Sirs, My father deceased on 30th March 2017. I have still have interest income from the fixed deposit still on the name of my father as still not matured. The interest income is after expire date of my father which is more than exemption limit. I have received message/ email to file the income tax return for year 2018-19.
Can I file the return as legal heir of my father ?
Do I need to pay any tax and penalty on any income tax liability ?
Can I claim any exemption from this interest income (if filed return as legal heir) ?

I appreciate your detailed anwer at earliest as I have to comply at earliest.

Thanks in anticiapation of your kind support.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 January 2019 After death of your father any income earned belongs to you file ITR in your name. Ask the bankers to change TDS deducted in your name.

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HIMESH

HIMESH (Querist)
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27 January 2019 Sir, Bank have already deducted TDS and deposited hence no possibility of change it on my name.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 January 2019 Bank can file revised TDS return request them they will help you. Other banks are doing it.

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HIMESH

HIMESH (Querist)
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27 January 2019 Sir, Thanks appreciate you kind support. It is small deposits in 5-6 banks and I have been informed by tax dept. to file the return with in 21 days. Is there any feasible option is there ?. I really appreciate your kind help.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 January 2019 You can file the return upto 31st March no problem.

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