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.
CA R SEETHARAMAN
(Expert)
17 December 2014
After maturity you need not pay any tax on that amount.
Message likes :
1 times
Rupesh Jain
(Expert)
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
