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Amt recd by nominee

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2014 UNFORTUNATELY MY YOUNGER SON CA KRISHNA JALAN
EXPIRED IN SINGAPORE ON 10.02.14.HIS MOTHER AS NOMINEE WILL RECD SOME AMT FROM PPF,MF,EPF INS.WHAT WILL BE TAX IMPLICATION.SIR HE WAS UNMARRIED AND NOMINEE WAS MOTHER AND AMT WAS INVESTED IN ELSS AND SOME SHARES ALL LONG TERM
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 April 2014 sir kindly accept our condolences. However, you don't have to worry about too. PPF, EPF wont attract any tax liability in your wife's hand. With regards to MF, some tax liability may arise depending upon whether any profit was made or not and also what MF schemes the money was invested.
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