Deceased income tax return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2011 My mother passed away 3 yrs ago at the age of 66. We have recently found some bank deposits in her name which are earning a interest income of roughly 1.5 lac each yr.
1. Do we need to file a return on her behalf? 2. Is it mandatory to file her return?
3. Since she was a senior citizen at the time of her death, i m assuming tht this income will not be taxable. Am i correct?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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06 April 2011 In case TDS being deducted by bank u should file return to claim the refund otherwise since income is below exemption for senior citizen of Rs. 240,000/- then there is no need to file return.

Also distributed her assets to all their legal heirs and close all her accounts and file a last return of her and write a letter stating that your mother has deceased and kindly cancel the P. A. No. alloted to her.