Payment of advance tax

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deepak K Gujrati (Querist)
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18 December 2009 Tax deposited with PAN of Father (deceased) where firms business has been taken over by son as a going concern after his death

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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18 December 2009 There will be two assessment :

one for father from 1st April to till his death

and

second from the date of death of father till the end of the financial year in the hands of son.

Advance Tax Paid by Father is to be claimed as refund in his name if tax is not due and the return will be signed by the Legal Representative of Father (i.e. either mother or son).