TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased — reg. - 08/2017 - Income Tax Act, 1961
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TDS on interest: pre-death interest reported to depositor PAN, post-death interest reported to legal heir PAN. Interest on deposits under the Capital Gains Accounts Scheme must be treated for TDS purposes by period: interest accrued up to the date of death is to be deducted and reported against the PAN of the deceased depositor, and interest accrued after death is to be deducted and reported against the PAN of the legal heir, unless an authorized declaration provides otherwise.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
TDS on interest: pre-death interest reported to depositor PAN, post-death interest reported to legal heir PAN.
Interest on deposits under the Capital Gains Accounts Scheme must be treated for TDS purposes by period: interest accrued up to the date of death is to be deducted and reported against the PAN of the deceased depositor, and interest accrued after death is to be deducted and reported against the PAN of the legal heir, unless an authorized declaration provides otherwise.
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