In 2022 my grandfather died
But recently we got FD maturity with interest income in 2024 from bank after all process
I want to file ITR 2 against the income of FD for my Grandfather
So is it possible & viable ?
Will be there any issues in future if filed after death?
Any Experienced person please guide
For information :
Total Income is below 5 lakh and he was super senior citizen
Alos forgot to add , sold some shares which was left in demat account and have LTCG of approx 25,000 ₹ too with FD income of 30,000 ₹
If aggregate income is below 5 lakhs including interest + LTCG ... no need to file ITR.
DECLARATION IA NECESSARY.
BUSINESS SND PROFESSIONAL INCOME NEED TO DISCLOSED IN ITR 2.
Thank you sir ji for response 🙏🏻
But there is no professional or business income in my grandfather account
Only STCG and FD as mentioned above so please clarify as I'm little confused now
You are welcome....
https://www.expertmarketresearch.com
Regarding Schedule FA Table A2 and Table A3 disclosure: taxpayers holding foreign shares or RSUs must report lot-level peak and closing balances converted strictly using the State Bank of India (SBI) Telegraphic Transfer buying rate as of December 31 of the relevant calendar year. Non-disclosure attracts mandatory penalties under Section 43 of the Black Money Act, 2015. To eliminate manual spreadsheet calculations and generate compliance-ready summaries for Table A2 and Table A3 directly from broker CSV statements, you can search online for the ITRFA tool.
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