Dear Sir,
An individual was expire long time back, now his wife wish to file Form 121 to Bank and other entity for non deduction of TDS. My question is it possible or to do something else - please guide me
Dear Sir,
An individual was expire long time back, now his wife wish to file Form 121 to Bank and other entity for non deduction of TDS. My question is it possible or to do something else - please guide me
Form 15G/15H-type declaration for non-deduction cannot be furnished in the name of a deceased person. After death, the wife/legal heir should first get the bank records updated as legal heir/nominee or estate holder. Thereafter, tax treatment will depend on in whose hands the income is assessable. If TDS is deducted meanwhile, refund may be claimed through the appropriate return filed by the legal representative/legal heir, as applicable.
Thanks Sir for you valueable input
CAclubindia
