![]() Thereafter, the legal representative will have to continue filing the tax return every financial year until the deceased’s assets are transferred (distributed) to the heirs. For financial year 2023, two periods will be identified for taxation purposes-from 1 April to (when the person was alive), and second, the remaining part of the financial year (after the person died but his assets continued to generate income). ![]() This is the period when the person was alive. Then, the ITR will have to be filed for financial year 2022 (1 April 2021 to 31 March 2022) by 31 July 2022. ![]() “The legal representative’s personal income or assets are protected," says, Dutta.įor what periods do ITRs have to be filed? ![]() Note that, as the legal representative is filing tax returns for the deceased’s income, his/ her tax liability will be limited to the extent of the deceased’s estate. For filing a deceased’s tax returns, the legal representative has to first register himself on the Income Tax portal for this. ![]()
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