Tax Treatment of Income of Deceassed Assessee
This query is : Resolved
16 June 2011
I want to know the tax treatment of income of an assessee who dies on 26.09.2010.
Is it correct to file a return in name of assessee till the period 30.09.2010 and for remaining period the income get cluubed in hands of his wife. If yes dn how i should claim TDS , we have single TDS certificate of his income
Is it correct to file a return in name of assessee till the period 30.09.2010 and for remaining period the income get cluubed in hands of his wife. If yes dn how i should claim TDS , we have single TDS certificate of his income
16 June 2011
First check whether will has been written by the deceased and probated then as per will the income has to be transferred to the persons after 26-9-10 and TDS can be claimed as refund in the deceased assessee return since you will be filing the return till 26-09-10.
If the assessee has not written will or probate is not completed then entire income will filed as estate of deceased person and full tds will be claimed thereonly.
If the assessee has not written will or probate is not completed then entire income will filed as estate of deceased person and full tds will be claimed thereonly.
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