Filing of return
hdshardik
(Querist) 11 September 2013
This query is : Resolved
How many years are reasonable to file the Income Tax return on the name of the deceased after his 1 year death? In his family, there is his wife and son and family. Shares and Loan & Advances are the only asset for which is deceased is the owner. How to transfer the assets to his wife and son? What documents are require as supporting from the point of I.T view?
Sankaranarayanan
(Expert) 12 September 2013
With my knowlege income tax department have no role in transfer of property. If any profit or revenue u made out of it. You have to pay the tax. Successsion certificate frrom court is advisable for chaging the title of property.
In certain sector never entertain and accept the legal heir certificate
Rajendra K Goyal
(Expert) 12 September 2013
Procedure for filing IT return of deceased is given in the link:
http://www.caclubindia.com/articles/how-to-register-as-a-legal-heir-to-do-e-filing-on-behalf-of-deceased-17121.asp#.UjGUtD-Lq_I
