Archived; click post to view. Excerpt: Assessee died. As no settlement took place among legal hires . I.T. Returns are prepared considering all the income received or receivable by the late assessee and return are going to file in the name of the assessee and signed by elder son of the assessee as L/R of [...]

Archived; click post to view. Excerpt: In my company one of Director has expired on 27.03.07. He was earning income from salary, shares, interest. and he files return as individuals as well as HUF status.Now the query is: In case of Deceased Individuals/HUF how the balance Sheet/ Profit and Loss account and Computation to be [...]