Sun, Jun 16, 2024
Legal heirs of a deceased person are also required to repay any tax liabilities. They may be subject to interest or penalties if they fail to pay the taxes owing or fail to file the income tax return (ITR) on behalf of the deceased. It means that ITR is also required to file of a deceased person.
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Fri, May 26, 2017
Income Tax Return filing deadline is still months away, but why to wait for the end moment? As per the income tax regulations, the due date of filing income tax return for FY16-17 is July 31, 2017 for individuals, and September 30, 2017 for businesses.
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