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Procedure

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29 November 2013 a assesse has expired whether to continue his file or close it which is best way
...if to continue then how ?
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CA PARAS BAFNA

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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.)
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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.
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vivek bothra

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vivek bothra (Querist)
30 November 2013 can we continue
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CA PARAS BAFNA

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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.
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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.
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vivek bothra

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vivek bothra (Querist)
30 November 2013 tere r 3 sons but can i transfer to single person his father share
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