Return form of deceased

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether a legal representative needs to file an income tax return for an individual who passed away on 17/02/2022, for the assessment year 2022-2023. Despite the deceased's gross total income exceeding the basic exemption limit for senior citizens, their tax liability became NIL after applying the Section 87A rebate. The consensus is that if the final tax liability is NIL, filing an Income Tax Return (ITR) is not mandatory, even if the gross income surpasses the threshold.

P.Madhivadhanan

P.Madhivadhanan (Querist)
Follow

07 July 2022 An asssessee who has gross total income 412476 and 80TTB deduction Rs.44619. Taxable income Rs.367857. He died on 17/2/2022. He is 79 years old. Whether his legal representative have to file return of income for the asst year 2022-2023. After relief u/s 87A his tax liability is NIL

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 July 2022 No need to file ITR in such a case as there is no Taxable income.

P.Madhivadhanan

P.Madhivadhanan (Querist)
Follow

08 July 2022 clarify , that the assessee income exceeds 300000 (taxable limit of senior citizen - his age is 79 years old). But tax liablity due to 87A is NIL. In this situation also his legal heir is not liable to file return of income. He died during the financial year 2021-22. No TDS in his account.