Fdr
This query is : Resolved
31 May 2012
One of my client make a Fixed Deposit and Make one of his son as nominee.On death of my clients his nominee received the FDR Amount with Interest. Now nominee want to divide that amount between their brothers.
What legal documentation should be done to divide that amount?
One of my client make a Fixed Deposit and Make one of his son as nominee.On death of my clients his nominee received the FDR Amount with Interest. Now nominee want to divide that amount between their brothers.
What legal documentation should be done to divide that amount?
01 June 2012
Dear Luthra Ji,
Nominee holds the amount in trust of the beneficial owners,until the amount is distributed to them.In the absence of a will,the amount will be distributed amongst the legal heirs as per the Succession Certificate.
C.A. A.K.Maitra
Nominee holds the amount in trust of the beneficial owners,until the amount is distributed to them.In the absence of a will,the amount will be distributed amongst the legal heirs as per the Succession Certificate.
C.A. A.K.Maitra
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- NRI INSURANCE ADVISOR
- Traces submitting correction statement error
- Average Cost Of High Quality Diamonds
- Taxability of credit in canara bank ET & T section (NRO)
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
