Dear Valued Members,
A Central Govt. employee died on Jan-14 and all post death official benefit received by her wife and pension started from July-14. She doesn't have any other income other than pension and bank interest. She have received around 14lakhs from all claims.
From the funds the lady invested 6lakhs in Mutual Funds and rest in bank FD's. Now lady has received letter from IT deptt. stating "Paid Rs. 2 lakh or more for purchase of MF" in F.Y. 2014-15 & 2015-16 and advised to furnish reply within 20 days. The lady never filed IT return and total income received from pension & bank FD's (monthly) is Non-Taxable in both f.y.
Now query is if the lady wanted to file her IT return, which form she have to file and whether there have any section to mention the total amount received from death claim settlement. Please advise.
Thanks in Advance.
Regards,
Abhijit Ghosh
CAclubindia
