Tag: legal heir

Legal heir has to file income tax return on earnings of deceased

Death and taxes are inevitable. As weird as it may sound, even if a person has died, taxes have to be paid on his or...

Know when and how to file ITR of a deceased person

NEW DELHI: Death and taxes are inevitable. As weird as it may sound, but even on death, outstanding tax liabilities must be repaid. The legal...

How to claim fixed deposits on death of loved ones

NEW DELHI : Fixed deposits (FD) are the most common investments that most people make, especially retirees. On the death of the FD owner, if...

A nominee is obligated to hand over the assets to the legal heir

My father passed away at the age of 79 in February. In his will, he has mentioned 50:50 share to both the sons. My mother...

Nominees have first right over life insurance claims, not legal heirs

As you deal with the trauma of losing a loved one, making a life insurance claim may become daunting if you don’t know how to...