24 December 2011
Mr. A (Grandfather)died in August,2011. His son also died. Earlier by will Mr. A transfered all his asets to his daughter in Law. Now IT return of Mr. A need to be filed for FY 2010-11. Who will sign this return? Either his daughter in law or his grand son.
Also how the income earned will be taxable till his date of death in this FY?
24 December 2011
The person who will be legal representative before IT dept., i.e. person who inheritate the property and its liability shall be limited upto asset inherited by such person
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