Amount received as a nominee from lic
This query is : Resolved
sheeraz naseer
(Querist)
26 August 2018
Amount received from lic as a nominee of his father what is the tax procedure.
CA R SEETHARAMAN
(Expert)
27 August 2018
Such receipt exempt from tax.
Message likes :
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sheeraz naseer
(Querist)
27 August 2018
Sir,lic primeminister vay vandana yojna se mila amout bhi exempt hai?
sheeraz naseer
(Querist)
27 August 2018
Sir,lic primeminister vay vandana yojna se mila amout bhi exempt hai?
CA R SEETHARAMAN
(Expert)
27 August 2018
Amount received by nominee will be treated as gift exempt from tax.
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