Tally
This query is : Resolved
Kalpita krushna warang
(Querist)
24 May 2016
Sr.Citizen Savings Scheme Icici Bank 2004 of Rs. 5 lacs..of an individual after his death that amount credited in Nominees A/c. In Tally in Nominees a/c under which head we have show..i.e. income under which head.
Ganeshbabu K
(Expert)
24 May 2016
In such cases Generally senior citizen may be relative and hence receipt of income is exempt..
In Tally may credit this amount to capital account
In Tally may credit this amount to capital account
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Amol S Joglekar
(Expert)
24 May 2016
you can add it to capital account, if the nominee's books have the same else you can credit it to capital receipt.
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Rupesh Jain
(Expert)
24 May 2016
fdr amount tfr to capital a/c and intt. income on that amount after date of death will consider income of receipent.
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