death of client

Querist : Anonymous (Querist) 30 December 2010 This query is : Resolved
Gd Mrg..
R sirs my querry is my client had proprietorship business but he was die on 02-03-2010 His single major son want to file incom tax return of F Y 2008-09,2009-10.
Q.Can son sign on it?
Q.Procedure of Transfer Balance Sheet data to Son a/c?

Thanx..

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A V Vishal (Expert) 30 December 2010
Q.Can son sign on it?

Ans. As Legal representative of the deceased proprietor the sign can sign the ROI.

Q.Procedure of Transfer Balance Sheet data to Son a/c?

Ans. Since the business is proprietary all the assets and liabilities have to be shared by all the successors to the deceased proprietor. You have to seek a succession certificate for the purpose from a court of law. In case there is a will left by the deceased person then the properties have to be shared as per the last will of the deceased.

Satyendra Kumar Pandey (Expert) 30 December 2010
Son can sign on behalf of the deceased,
if there exist any will in favor of son then no problem otherwise get succession certificate from the competent court, in favor of son, and be sure that all the legal heirs are party in that Succession suit.

Ajay Bansal (Expert) 31 December 2010
do as above.

Advocate. Arunagiri (Expert) 02 January 2011
If it is a proprietory company the the son will have all the rights of the father by succession. Give letter to the authorities whereever you are filing the returns, stating that the death and change of ownership.

Querist : Anonymous (Querist) 08 January 2011
thank u Vry vry much 2 all r sirs...

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