ITR Filing for Deceased Person: The date for filing income tax returns is now near. All taxpayers have to file ITR by 31st July. Whenever it comes to filing returns, a question arises whether the return of a deceased person should also be filed. Let us know the answer to this in this article. Read the full news..
ITR Filing: Be it salaried class or business class or any individual, everyone has to file Income Tax Return. The last date to file ITR is 31st July 2024. If you have not filed the return yet, then you should complete this work as soon as possible.
Do you know that along with the living person, the Income Tax Return (Deceased Person’s ITR) of the deceased person is also filed. Today we will tell you why it is necessary to file ITR of the deceased person also.
What does the rule say
According to the Income Tax Act, if the deceased person has any income, then it is mandatory to file his ITR. This return will be filled by the legal heir. Apart from this, it is also the duty of the legal heir to file the ITR of the deceased person.
Now in such a situation, the question is who will claim the tax refund. The answer is that the legal heir or the legal heir. Yes, it is the responsibility of both of them to file the return till the day he is alive. Only the legal heir or legal successor can pay the tax and can also claim for refund.
How to file ITR of deceased taxpayer?
- First of all, after registering as a legal heir, you have to download the ITR form from the website.
- After this, you have to fill all the details carefully.
- Now the form has to be uploaded in the format of XML file. The form will not be downloaded in any other format except XML.
- In the ITR form, the legal heir will have to give his details in place of PAN card details.
- After this, the option of assessment year has to be selected.
- After uploading the XML file and digital signature, the form has to be submitted.
How is income calculated?
According to experts, just like the income of a living person is calculated, the income of a dead person is calculated in the same way. All tax deductions and exemptions are also included in their income. The income of a deceased person is calculated only till the date he was alive.
