Procedure
This query is : Resolved
vivek bothra
(Querist)
29 November 2013
a assesse has expired whether to continue his file or close it which is best way
...if to continue then how ?
...if to continue then how ?
CA PARAS BAFNA
(Expert)
29 November 2013
When the assessee has expired, his file should be closed by filing his last Return, (as Income Tax Act is having a limited jurisdictional territory.)
.
As a ritual, in the last return you can show income till his death, which he has earned. It will be signed by his legal heir.
.
.
As a ritual, in the last return you can show income till his death, which he has earned. It will be signed by his legal heir.
.
vivek bothra
(Querist)
30 November 2013
can we continue
CA PARAS BAFNA
(Expert)
30 November 2013
It should be closed as soon as all his assets and liabilities are settled or transferred to the legal heirs.
.
After his death he can not earn income. Income from his Estate can be assessed in the hands of the Executors or legal representatives.
.
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After his death he can not earn income. Income from his Estate can be assessed in the hands of the Executors or legal representatives.
.
vivek bothra
(Querist)
30 November 2013
tere r 3 sons but can i transfer to single person his father share
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