Hi
My maternal grandfather demised on 7.8 18.
His assets are transferred to my maternal uncle but fixed deposits in his name still continue in his name as fds have not matured.
Do I have to show fds in grandfather's account? or do I have to transfer it to my uncle's account as on 31.3.19?
Also let me know what treatment do I have to do with savings account?
The FDs should be transferred to legal heir's account with TDS deduction in heir;s PAN. Application to bank should also be made for removal of name of the deceased from savings account.
CAclubindia
