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Inheritance by way of nominee and tax liability thereon

This query is : Resolved 
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(Querist)
09 July 2018 Hi,
I have received Rs 12.50 lakh as a nominee of my maternal uncle. It was post office FD. Maturity proceeds were received by cheque and deposited to my bank. Am I liable to pay Income Tax or any other tax?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 July 2018 You are not liable to pay income tax on the amount received. Gift from relative exempt from tax.
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