Filing income tax return for late father as legal representative
My father expired in Feb 2021. He didn't make any will. My mother as his representative assesse filed his income tax return for the financial year 2020-21. My late father had no other income apart from interest income (retired from his job in 2019 and no business income). He had substantial savings in his employee provident fund account (EPF) for which my mother is a nominee. She still hasn't made a withdrawal for this amount from EPF account. The interest on this EPF amount is above Rs 3 lacs per year.
1) Should my mother file the income tax for my late father for financial year 2021-22 as well? Because though the EPF interest income of my late father is exempted from tax but still it is above limit of Rs 3 lacs per year (above which tax return is supposed to be filed) ?
2) My mother and I got my late father's PPF and Bank Account money as nominees in July 2021. We both have already filed our respective income tax returns for FY 2021-22 but haven't shown this amount as exempted income. Were we supposed to show this inherited amount in the exempted income section? If yes, then should we file a revised income tax return?
Asked 6 months ago in Income Tax