Return of expired person

This query is : Resolved

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)
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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.

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