Amount of nss recd on death of father

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Querist : Anonymous (Querist)

11 February 2012 AMOUNT RECD ON DEATH OF FATHER IS IT TAXABLE IN THE HAND OF NOMINEE

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 February 2012 Section 80CCA(2) amount withdrawn from NSS is treated as the Taxable income of the assessee.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.
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However, views of experts may be envisaged on this matter.

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