Tax saver fd of deceased person
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2017
A person takes tax saver FD of Rs.1.5/- Lacks in April 2016. He died in may 2017 before filling ITR. Now this FD is being closed due to his death. So should his legal heir show this amount in 80C or not while filling ITR on his behalf? Please Suggest. This FD is being closed now by bank.
CA Rashmi Gandhi
(Expert)
02 August 2017
If filing on his behalf then claim deduction u/s 80C
K Srinivas, CMA CS
(Expert)
03 August 2017
if the FD is closed, then the amount can't be claimed by legal heir..
03 August 2017
Yes. The FD is closed then can't be claimed by the particular person of legal heir....
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