Taxability on NSC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2010
My client's father expired in 2008. He had invested in NSC and his wife and my client are the 2nd and 3rd holders respectively.
Upon his death, they closed the NSC account and hence have received the proceeds by cheque.
Are these NSC proceeds taxable in my client's hands?
Upon his death, they closed the NSC account and hence have received the proceeds by cheque.
Are these NSC proceeds taxable in my client's hands?
20 July 2010
https://www.caclubindia.com/forum/faq-on-nsc-93869.asp
Sunil Kr. Sanganeria
(Expert)
20 July 2010
It is not taxable in your client hand
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