Facts of the case are as under:
1.
The assessee expired last year on 20 September. Most of the assets were divided as specified in the will. As per the I T Act requirements, one of the executors got their name registered as legal heir on the IT website last month. The executor has already filed his return for Asst. Year 2015-2016
The act states that the legal heir will have to file return for the deceased using the legal heir option
Query:
The legal heir will file the IT return for which period
- From 1st April to the date of death (20th September)
- From 21st September to 31st March
- A single return for the whole accounting year April 14 to March 15
2.
The assessee had invested his funds in Company / Bank FDs. Interest earned upto 30 September was credited / paid by these entities post 30 September. The form 26AS does not give a month wise or date wise breakup in few cases
Query:
How do we claim the interest and TDS in the above cases? Should it be on mercantile or cash
- If on mercantile, how do I account for the interest and TDS upto 20th September and claim the same
- How can I claim the interest and TDS for the remaining period
- the interests is shown as receivable and accounted companies and
3.
The legal heir has registered himself on the IT website
Query:
- Can the legal heir file 2 online returns for the same year but for different periods
- Can the legal heir file one online return and one manual return for the same assessment year
- Can the legal heir file 2 manual returns though he has already registered as a legal heir on the I T website
Thank you all in advance for the replies
Best Regards,
CA CSJ