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of <h1>CBDT Clarifies TDS and ITR Filing for Minors with Deceased Parents; Income to be Assessed Independently.</h1> The Central Board of Direct Taxes (CBDT) addresses the issue of Tax Deducted at Source (TDS) and Income Tax Return (ITR) filing for minors whose parents are deceased. It has been noted that some TDS deductors and banks incorrectly club the minor's interest income with the grandparents' income. The notification clarifies that the minor's income should be assessed independently, with TDS reported against the minor's PAN. The Principal Director General of Income-tax (Systems) specifies procedures for handling such cases, ensuring compliance with the Income-tax Rules, 1962. This directive is issued with the necessary approvals.
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