Liability to Nominee
This query is : Resolved
Quick Summary
27 August 2021
If a person receives money from bank as a nominee from relative(not legal heir) and then transfer the same to legal heir . What is the tax liability on that person?
Dhirajlal Rambhia
(Expert)
27 August 2021
If the Nominee has performed his duty as per wish of the deceased owner (here relative), there would be no tax liability over the nominee. He has to prove the legality of his action.
ROHIT JAIN
(Expert)
28 August 2021
No liability of nominee, untill he/she has performed his duty as intimated by deceased owner.
10 September 2021
Thanks for your time and consideration.
Dhirajlal Rambhia
(Expert)
22 September 2021
Most Welcome ..
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