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
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
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- LTCG for Assmt year 26-27
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
