Capital gain

Originally posted by : Neeraj Agarwal
	thanks sir., so we can file last return and also close IT account

As far as I know, only the last IT return can be filed by the deceased, but cancelling the PAN and closure of IT account cannot be done by the legal heir. For that to happen, the kin are required to write to the Jurisdiction AO in paper form requesting for cancellation of PAN and closure of IT account by attaching necessary paper work like death certificate.

How many people in India do this process, I dont know. That is what I have heard / read.