Pan in the name of executer
RAJEEV VARMA
(Querist) 01 May 2015
This query is : Resolved
Clarification needed in respect of allotment of PAN in the name of executer of a registered WILL. Fact of the case:-
Mr. A executed a registered WILL giving all his assets to his four childrens.
In the registered WILL. He made Executer of the WILL to his brother till the date childrens attend majority as at the time of death as well as till date all the four childrens are minor.
And also the income arising out of the deceased estate and the tax is to be paid by the executer till the date younger son attains majority. In the system we are unable to file any provision for allotment of PAN in the name of executer or (Representative Assessee) Please clarify us.
Thanks & Regards
T. Kalaiselvan, Advocate
(Expert) 04 May 2015
What do you want to clarify? why are you bothered about entering the PAN of the executor, how are related to this issue? How do you expect to get an answer without giving some basic details too for getting an opinion.
malipeddi jaggarao
(Expert) 06 May 2015
The income out of this property is not the income of the Executor. Hence what is the requirement for PAN Card/Number in the name of the Executor. The income belongs to the legatees in their individual capacity.
