banner_ad

Liability to Nominee

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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?
Profile Image

Dhirajlal Rambhia

Profile Image

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.
Profile Image

ROHIT JAIN

Profile Image

ROHIT JAIN (Expert)
28 August 2021 No liability of nominee, untill he/she has performed his duty as intimated by deceased owner.
Profile Image

Rushikesh Pinakinbhai Jani

Profile Image

Rushikesh Pinakinbhai Jani (Querist)
10 September 2021 Thanks for your time and consideration.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
22 September 2021 Most Welcome ..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details