Nomination son
This query is : Resolved
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Ecstasyvio
(Querist)
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?
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?
Dhirajlal Rambhia
(Expert)
18 January 2026
Whether the lady is alive at the time of redemption?
Ecstasyvio
(Querist)
19 January 2026
Sir. She is alive now. But after tenure of 5 year's can't say as she is a senior citizen .
Dhirajlal Rambhia
(Expert)
19 January 2026
If the payment goes to the lady investor herself, the question doesn't arise. In the adverse case no tax liability of what-so-ever over nominee (even if NRI)
Secondly, she can gift any amount to her granddaughter without any tax liability on either if she deposits the amount to NRO account.
Secondly, she can gift any amount to her granddaughter without any tax liability on either if she deposits the amount to NRO account.
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