Hi,
my father passed away in august 2010. I had the following queries.
My father was survived by myself and my mother. Can I be the representative for all the matters related to IT.
1. Yes
2. NO
3. You can file as representative assessee
1. If I receive interest on deposits made by him.. how will it be assessed?
2. Do i need to furnish any proof that I am the legal representative for my father?
| Originally posted by : caclub india | ||
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1. If I receive interest on deposits made by him.. how will it be assessed? 2. Do i need to furnish any proof that I am the legal representative for my father? |
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1) you have to get the deposits transfered in your name, by virtue of nomination, succession or any other process as accepted by bank or deposit agency.
2) your documents display the fathers name, and you are entitled to get legal representative. in case of disbursement of deposits of banking assets they will need NOC from other surviving members.
CAclubindia
