Amount of nss recd on death of father
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2012
AMOUNT RECD ON DEATH OF FATHER IS IT TAXABLE IN THE HAND OF NOMINEE
CA PARAS BAFNA
(Expert)
11 February 2012
Section 80CCA(2) amount withdrawn from NSS is treated as the Taxable income of the assessee.
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In this case the assessee who has claimed the deduction has expired.
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In my view, The receipt is supposed to be taxable in the hands of assessee only and not in the hands of his legal heirs.
.
However, views of experts may be envisaged on this matter.
.
In this case the assessee who has claimed the deduction has expired.
.
In my view, The receipt is supposed to be taxable in the hands of assessee only and not in the hands of his legal heirs.
.
However, views of experts may be envisaged on this matter.
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