Refund status

This query is : Open

Pradip Srinivasan (Querist)
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13 December 2013 Hi,

Pl resolve this.

A) Assessee expired (pensioner) by june 2013, spouse(family pensioner) has daughter and son.

B) FD in the name of assessee is earning interest and Tax deducted.

C) Maturity of FD is next year, closing now will earn interest loss.

Questions are,

1) How to get refund of tax deducted?

2) If return to filed as Legal heir, can it be filed by any of the heir?

3) Should the FD be closed r held till maturity?

4) Legal heir certificate is in local (state) language, can it be a ground for rejection by IT DEPT?

Rupesh Jain

Rupesh Jain (Expert)
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13 December 2013 legal heir can file return with death certificate and Legal heir certificate.
then legal heir get refund in his/ her name.

FD will be closed . so that you can file ITR of assesse.

and after that intt. income will taxable in hand of legal heir.

pension will taxable in hand of assesse and family income in hand of legal heir.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 December 2013 a) Legal heir has to file return to seek refund.

b) Preferably by the spouse.

c) If nomination is in force, the nominee shall be entitled at any time before or after the maturity of the Deposit to encash the Deposit. For the aforesaid purpose, the nominee shall make an application to the Bank, supported by proof of death of the Deposit holder.

If there is no nomination in force at the time of his / her death, the Bank will pay the sum due to the deceased, to his / her legal heirs upon request.

d) Produce a true Hindi/English translation to avoid any controversy if called upon.

Pradip Srinivasan

Pradip Srinivasan (Querist)
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13 December 2013 Thx for both replies sir,

1)FD has nomination on spouse, however matures on Nxt year end. Can that FD be continued till its maturity or it SHOULD be closed,(ie mandatory closure).

2)If continued till maturity, can legal heir get refund next year also, despite spouse being assessee?