Indemnity bond to file tax returns for deceased parent

It is important to note that all the income which is accrued or received from beginning of the financial year till the date of demise will be considered as the income of the deceased person. Further, tax on any income accrued or received from the assets that are inherited from the deceased will be borne by the legal heir himself. This would mean that after receiving the inheritance, any income accrued or received from the asset will be considered as the legal heir's own income.

Thank you for the reply. Since we want to pay taxes on the income from assets from one legal heir only, while filing the return for the said legal heir, we have to provide an indemnity bond from the other legal heirs. I am unable to find a format of this indemnity bond. Any help in this will be most appreciated.

Download the 'Deceased Indemnity bond'

Thank you so much! This certainly helps me.

Thank you very much Sir, your reply is very helpful for me and other people also who lost their relative in Pandemic