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ITR Filing: The time for income tax returns is coming closer. Be it salaried class, 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 necessary. 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 necessary for 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, the legal heir has to register himself as an heir. This is easy. It can be done from home. The legal heir has to file ITR as long as the deceased is alive. He has to pay tax and can also claim a refund. The legal heir is a deemed assessee, so if he does not want to file the return, the Income Tax Department will take action in the same way as it would have been done if the deceased was alive.
How to register heir online?
– Visit the Income Tax e-filing website 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 Deceased and proceed.
– Fill in the PAN card 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 deceased?
– 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 ready, as it can be uploaded only in XML format.
– In the option of PAN card details, the legal heir will have to provide 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 deceased's income calculated?
According to experts, the process of calculating the income of the deceased (income tax calculation) is the same as is done normally after all deductions and exemptions. The difference here is that instead of the entire year, the income is calculated only till the date till which the person was alive.
