Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Return of expired person

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2018 Dear Sir,

If a senior citizen having only interest income from which TDS has been deducted, has died in FY2017-18, can his return be filed and TDS refund be claimed ? If yes, who should file the return ?

How will the Income slabs apply in case of a person expired in the middle of a financial year ? Will he be entitled to get benefit of full exemption limit upto Rs 3 Lakhs (senior citizen) ?

How is taxability of Interest on fixed deposits received after death of a person, decided ? If TDS is deducted from this interest, can its refund be claimed ? Who can claim this refund ?

Thanks

TCB

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

14 July 2018 1 Register legal heir in E filing income tax portal file return in the name deceased and claim refund.
2 3 lacs exempt.
3 Receipt after death taxable in the name of legal heir.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now