Tax on assest received from father.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2014
Dear Sir/Madam,
My father sold a residential house in 2014, and invested Rs 50,00,000 in NHAI bond and have made me nominee to save capital gain tax.
He is no more, now i will be getting the amount invested after maturity.
Will i have to pay any kind of tax on that amount ( or income )?
All Experts are requested to please help.
My father sold a residential house in 2014, and invested Rs 50,00,000 in NHAI bond and have made me nominee to save capital gain tax.
He is no more, now i will be getting the amount invested after maturity.
Will i have to pay any kind of tax on that amount ( or income )?
All Experts are requested to please help.
17 December 2014
After maturity you need not pay any tax on that amount.
Message likes :
1 times
17 December 2014
no you are not liable to pay any tax.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Form 27Q Correction statement taking too long to update on IT Portal
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS related Query_Liquidated Damages
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
