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Notice for Deceased Father

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mayuri

Tax Consultant

194 Points Posted on 02 December 2022

Hello all,

My friend father died on April 19th 2022, he has done some Cash Transactions in Fy. 2020-21 ( Asst Year 2021-22) but did not shown that income while filing the ITR.

He got the notice for the same on Nov 2nd 2022, In notice the AO is asking for those transactions details which his son is not aware of and his son has closed all his bank account in the month of June itself.

How we should proceed with this, really confusing.

Note: he has approached 2 to 3 CA's but did not receive proper answer from them, so thought to take help from this forum

Please help

Replies (5)

Quick Summary

A user's friend received an Income Tax notice regarding cash transactions made by his deceased father in FY 2020-21. The son is unaware of these transactions and has closed his father's bank accounts. He is seeking guidance on how to respond to the Assessing Officer (AO), especially after receiving conflicting advice from other CAs. The advice given suggests obtaining bank statements, preparing financial statements, and declaring any tax liability to avoid potential penalties and interest.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 02 December 2022

You will have to reply the query asked by AO as per the actual facts.

The liability to reply the queries depends upon the legal heir/s.

Better get the bank statement copies from bank/s, make financial statements, offer the tax liability, if any.

Otherwise AO may make assessment as per his data, and ask for interest and penalty.

rama krishnan

5751 Points Posted on 03 December 2022

You have not mentioned about the nature of notice received. further, please mention about the demise of your father to the department and if you have any cognizance about the transactions made by your father, furnish the same supported with documentary evidence. all transactions are not necessarily be a taxable income