ITR filing of a deceased person

ITR 202 views 2 replies

Roonil Wazlib

1 Points Joined August 2024

Hello,

My father expired in april of current year.Before his demise,He sold an agri land and transferred that amount in my account.

I opened capital gains account in my name before due date and filed his ITR claiming capital gains exemption in 54b.His ITR is not processed yet.

I did not show the amount in my ITR as it is a transaction between close relatives.My ITR has already been processed with refund credited in my account.

Now I came to know that you have to register as legal heir to file ITR of a deceased person.

Will there be a problem in future because I didn't register myself as legal heir.Should I register myself as legal heir and file revised ITR of my father?

I filed the ITR in his name and show land sale amount exemption in 54b in his ITR.

Replies (2)

jagdish chhugani

engineer

1072 Points Joined March 2013

IF MONEY TRANSFERED FROM HIS ACOUNT TO YOURS NO PROBLEM, YOU CAN SHOW AS EXAMPTED INCOME AS GIFT SCHEDULE EI

IF RETURN PROCESSED FORGET IT OR YOU CAN FILE REVISED IF YOU LIKE.

to file ITR of a deceased person NEED AUTHORISATION OF PERSON.

jagdish chhugani

engineer

1072 Points Joined March 2013

YOU NEED

Succession Certificate

Will

Release deed A release deed involves a transfer of right, title, and interest in the immovable property, and is considered valid only when it is signed by parties in the presence of witnesses, adequately stamped and registered

TO FILE ITR FOR OTHER PERSON YOU NEED DOCUMENTS Estate of Deceased UNDER

Register to Act on Behalf of Another Person

Court order appointing the executor/s or Will of the deceased in which the executor particulars have been furnished or written agreement of survivors appointing the Executor