Returns after death of an Assessee

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Keyur (Querist)
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01 June 2011 A lady senior citizen has expired. My querry is till how many years her PAN number can be kept open and returns be filed by her legal heirs.

Is it till the time her assets are not distributed and bank account in her name closed?

Also whether the legal heirs filing her return for the years after her death be entitled to either deductions under 80C, considering that she is not alive?

Also whether the legal heirs filing the returns for the years after her death be entitled to claim the exemption limit of either senior citizen or or women or only basic limit will be available?

Thanks for the replys......

U S Sharma

U S Sharma (Expert)
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02 June 2011 There is no bar to keep the file active, untill the taxable income is in existance.

Tax return is related with taxable income, not with distribution of assets or bank accounts.

a deceased person and 80C? how she could be able to invest?

her status is not changed of senior citizen or women after the incident,

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for fixed properties there is no need to continue the tax return, it would go in hands of legal heirs by way of succession.

for bank assets / movable assets, its gone to the hands of successors by way of succession or nomination.

after above 2 the purpose of filing return ceases, and hence the PAN should be surrendered and ITO should be intimated about the incident, with request to close the file.

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