Income Tax Return: It is mandatory for the legal heir to file the ITR of the deceased till the day he was alive.
Income Tax Return: It may sound a bit strange to hear, but do you know that not only the living person but also the deceased person has to file the Income Tax Return (Deceased Person’s ITR). According to the Income Tax rules, if the deceased person has any income, then it is necessary to file his ITR return. In such cases the legal heir can file 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.
Legal heir can also claim refund
According to tax expert Gauri Chadha, the first thing to do before filing the income tax return of the deceased person is to register himself as the heir to the legal heir. This process can be easily 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 will have to pay the tax and he can also claim the refund (How to claim refund for Deceased person). The legal heir is a deemed assessee, so if he chooses not to file the return, the income tax department will proceed with the proceedings in the same manner as it would have been done if the deceased was alive.
How to register online as legal heir?
- 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 from the deceased and proceed.
- Fill the PAN card of the deceased, full name of the deceased and bank account details of the deceased.
- After your request is approved, you will get an SMS on your registered mobile number.
How to file ITR of deceased after registration?
- After registering yourself as legal heir, download the ITR form from the website.
- Keep in mind, after filling all the details, the XML file of the form should be generated, as it can be uploaded only in XML format.
- In the option with details of PAN card, the legal heir will have to give his details. Select the option ITR Form Name and Assessment Year.
- After uploading the XML file and digitally signing, the form will be submitted.
How is the income of the deceased calculated?
According to experts, the process of calculating the income of the deceased person is exactly the same as the normal income is calculated after taking all the deductions and exemptions. The difference here is that instead of the whole year, the income is calculated only till the date the person was alive.
