Tax Treatment of Income of Deceassed Assessee
This query is : Resolved
16 June 2011
I want to know the tax treatment of income of an assessee who dies on 26.09.2010.
Is it correct to file a return in name of assessee till the period 30.09.2010 and for remaining period the income get cluubed in hands of his wife. If yes dn how i should claim TDS , we have single TDS certificate of his income
Is it correct to file a return in name of assessee till the period 30.09.2010 and for remaining period the income get cluubed in hands of his wife. If yes dn how i should claim TDS , we have single TDS certificate of his income
16 June 2011
First check whether will has been written by the deceased and probated then as per will the income has to be transferred to the persons after 26-9-10 and TDS can be claimed as refund in the deceased assessee return since you will be filing the return till 26-09-10.
If the assessee has not written will or probate is not completed then entire income will filed as estate of deceased person and full tds will be claimed thereonly.
If the assessee has not written will or probate is not completed then entire income will filed as estate of deceased person and full tds will be claimed thereonly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
