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mahan mahan (NIL)     08 August 2024

Itr refund claim by legal heirs of deceased assessee

  1. Is there a provision to register nominee for Income tax refunds of IT department for ITRs filed by an individual, when the aseessee is deceased before assessment; and the linked bank accounts were closed before assessment.

2. in such a case, when one of the multiple legal heirs, prefers claim of refund, whether IT dept  will refund only share of the claimant legal heir or the entire refund amount?



Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     08 August 2024

In Case of refund of deceased assessee-

So far as encashing the refund cheque is concerned, this can be done in any bank account where the deceased holder was a joint account holder with any other person. If there is no such joint account, the nominee appointed by the deceased assessee can operate the account.

This service allows you to: Add a bank account and pre-validate it. Remove a closed or deactivated bank account. Nominate a validated bank account to receive Income Tax refund. Remove a bank account from nomination so as not to receive tax refund in that account.

Dr. J C Vashista (Advocate )     09 August 2024

The amount of refund shall be credited by ITO in the account of (deceased) assessee, as mentioned therein the ITR.


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