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Tax on assest received from father.

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Querist : Anonymous

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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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 December 2014 After maturity you need not pay any tax on that amount.
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Rupesh Jain

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Rupesh Jain (Expert)
17 December 2014 no you are not liable to pay any tax.
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