Dear all,
I wish to know how to report the income of deceased tax payer and file his return. I know the process of registration of legal heir of the deceased person. But I am confused as to how much income to be considered in his return and how much income in his legal heir return.
For example, Mr. A died on 14/08/2018. He has all interest income of say Rs. 5,00,000/- pa. and monthly rental income of Rs. 20,000/- TDS is deducted on FD interest of Rs. 45,000/- for whole year.
So how to bifurcate this income between the deceased person and legal heir?
Further since TDS was entirely deducted on the PAN of the deceased person & is appearing in Form 26AS , so we can not bifurcate it.
Kindly guide.
Regards,
Suraj
CAclubindia
