04 March 2012
my client's grand mother has been died on fab 2011 and ay 2011-12 returned was pendding. her will has written named to my clients. her deposits are transferred to clients after fab 2012. whose named return submitted for ay 2011-12 & ay 2012-13 i.e. which pan no. mentioned in itr return (both in basic information and also. in verification column). tell me urgently.
05 March 2012
For AY 12-13, income upto Feb 2012 shall be taxable in the hands of the deceased and remaining shall be taxable in the hands of the legal heir.