What to do if person death.
This query is : Resolved
Quick Summary
Ashim kr Ray
(Querist)
21 June 2024
Sir,
My friends mother is expire on april 24 , now i want to know in his IT file she have 7lac cash in hand,and 8lac in bank.
can his son transfer 8 lac in his bank account and can utilised cash in hand.
What is rule please advise.
WHen to block bank account and pan card
My friends mother is expire on april 24 , now i want to know in his IT file she have 7lac cash in hand,and 8lac in bank.
can his son transfer 8 lac in his bank account and can utilised cash in hand.
What is rule please advise.
WHen to block bank account and pan card
Dhirajlal Rambhia
(Expert)
21 June 2024
If he is only legal heir, he can. Whether he is joint holder in the bank account or nominee?
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CA R SEETHARAMAN
(Expert)
21 June 2024
Transfer bank balance and close bank account.
Cash transfer of 7 lacs can be shown as legal heir.
File ITR and then close PAN card.
Cash transfer of 7 lacs can be shown as legal heir.
File ITR and then close PAN card.
Message likes :
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