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deceases case
Mr a expired july17.a FD name Mr a app.15 lakh .this FD matured June/2018.till date this FD not matured by their sons. they want FD matured June/2018.this condition FD interest calculate Mr a or their son for tax purpose only.this condition FD interest calculate Mr a or sons.please resolve this tax problem.
Replies (4)
Any interest received or accrued from July 2017 till maturity will be taxed in your hand. Give copy of your PAN along with death certificate copy to the Bank.
If you will submit your PAN, then bank will deduct tax on interest and deposit tax so deducted in your PAN.
Thereafter, you can file return of income and claim refund of tax deposited by bank .
If you will submit your PAN, then bank will deduct tax on interest and deposit tax so deducted in your PAN.
Thereafter, you can file return of income and claim refund of tax deposited by bank .
but Mr a given form 60 tax not deduct from FD.
purpose only return file
Once you submit detail of your PAN, death certificate and nominee detail, then earlier submitted PAN and Form 60 ceases to have effect.
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