18 January 2026
My aunt has invested 500K In 54EC BONDS, she made her son and daughter as nominees for 50% portion each. son is an NRI? Is any tax is applicable when withdrawing after maturity for an NRI NOMINEE? SON has an NRO account in India Whether any withdrawal tax is applicable for a daughter who is a resident indian? Aunty wants to provide for granddaughter (sons daughter) some amount for education. can she deposit in sons NRO account w.o. tax. please advice with solution?