CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Amount recd by way of nomination ,

Minalal Bhansali   02 December 2019

Minalal Bhansali

 1 likes  47 points

| My Other Post

amount recd by way of nomination in a case where it is on interest with a pvt individual under which section to be declared and is it taxable? Amount is received from maternal ante.


Dhirajlal Rambhia (KVO Merau Kutchh)     02 December 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9230 likes  93355 points

View Profile | My Other Post

As there is no inheritance tax, any amount received by legal heir/s of a deceased is not taxable under IT act... be it nominated or otherwise....

Sec. 56(2)(x) of IT ct...

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads


Popular Discussion

view more »

Trending Tags
GST Live Class    |    x