Author: Santosh K. Pawar, Esq. March 2, 2021 Paying outstanding debts and taxes of the Deceased is a prerequisite for distribution of assets of the Deceased/The Estate of the Deceased. Liability to pay income tax and filing of income tax return in India is a simple process regulated by Income Tax Act, 1961. Familiarity with the procedural requirements may assist Legal Heirs in not only preventing unnecessary delays in distribution of the estate of the deceased but also

January 13, 2021 Santosh Kalra Pawar, Esq. Legal heirs, NRI’s and Resident Indians alike, always question – Why does "the Estate of Deceased" require it separate PAN (Permanent Account Number)? Who must apply for the same? What are the required supporting documents to obtain PAN for the Estate? Let us examine and Know all about "PAN" for the Estate of the Deceased. What is PAN (Permanent Account Number) in India? PAN (Permanent Account Number) is a unique ten-digit alphan

Distribution of assets of the deceased, which become part of his/her estate on the date of his/her death, is a crucial legal step. Successors become owners only after assets are lawfully transferred. Executor of valid and duly executed “Will” OR Administrator of the Estate of the Deceased, both have fiduciary duty towards the deceased as well as legal heirs. The task of distribution is assigned to duly appointed Executor/Administrator of the deceased. Su

After losing loved ones, family members living in India as well as abroad face the daunting task of transferring the assets of the deceased to rightful owners and legal heirs. As assets cannot remain in the name of deceased, the same must be transferred at the earliest for smooth transition. When it comes to assets in any bank in the Republic of India, all banks follow the guidelines provided by Reserve Bank of India. The claimants are required to inform all banks of the dec