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Tally

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(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.

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Ganeshbabu K

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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
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Amol S Joglekar

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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

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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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