ITR Filing: According to the rules of the Income Tax Department, if the deceased person has any income, then it is necessary to file his return (ITR return). The legal heir can file the income tax return.
ITR Filing: The time for income tax returns is coming closer. Be it salaried class or business class or any individual, everyone files income tax returns. But, not only the living person but also the deceased person’s income tax return (Deceased Person’s ITR) is filed. This is important. According to the rules of the Income Tax Department, if the deceased person has any income, then it is necessary to file his return (ITR return). The legal heir can file the income tax return. Along with the rule, it is the duty of the legal heir to file the income tax return of the deceased person.
ITR Filing: Who will claim the refund?
Tax experts also say that before filing the income tax return of the deceased person, the legal heir has to register himself as the heir. This is easy. It can be done sitting at home. It is mandatory for the legal heir to file the ITR of the deceased till the day he was alive. He has to pay tax and can also claim a refund. The legal heir is a deemed assessee, so if he chooses not to file the return, the Income Tax Department will proceed with the action in the same way as it would have been done if the deceased was alive.
How to register the heir online?
- Visit the Income Tax e-filing website at https://www.incometaxindiaefiling.gov.in/home.
- Log in using your credentials and click on MY ACCOUNT.
- Register yourself as a representative.
- Click on New Request on behalf of the deceased and proceed.
- Fill in the PAN card details of the deceased, full name of the deceased and bank account details of the deceased.
- You will receive an SMS on your registered mobile number once your request is approved.
How to file ITR of the deceased?
- After registering yourself as a legal heir, download the ITR form from the website.
- Keep in mind, after filling all the details, an XML file of the form should be generated, as it can be uploaded only in XML format.
- In the option of PAN card details, the legal heir has to give his details. Select the option of ITR form name and assessment year.
- After uploading the XML file and digitally signing it, the form will be submitted.
How is the income of the deceased calculated?
According to experts, the process of calculating the income of a deceased person is exactly the same as the income is calculated normally after all deductions and exemptions. The difference here is that instead of the whole year, the income is calculated only till the date till which the person was alive.
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