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Byju's may face a govt probe; Here's why female workforce is witnessing ‘silent exodus’ post-back-to-office call & more
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Byju's may face a govt probe; Here's why female workforce is witnessing ‘silent exodus’ post-back-to-office call & more
Jun 26, 2023 3:24 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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Income tax after death | How legal heirs can file the ITR and all other details

The income tax liability of an individual remains even after their death — and an income tax return (ITR) needs to be filed. Any tax that is being incurred on the income received by the family on behalf of the deceased requires to be paid if it goes beyond the basic exemption limit. The legal heir should file the ITR on behalf of the deceased.

Also, it is mandatory to file an ITR in cases where the deceased received salary income before their death and some interest income accrued after that.

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