banner_ad

Fd and interest received by nominee on death

Others 3111 views 6 replies
Dear Experts ? One of our clients has received FD and interest on death of his father ? Is FD and interest taxable in the hands of our client ?
Replies (6)

Interest or FD or any other thing received consequent to death does not partakes the nature of income in hands of recepient, its estate devolving to them

no, it wont be taxable. any part of estate recvd on death of a person is not considered income in hands of receiver.

Above FD & Interest shall be taxable in the hands of Son.

Had he received the FD / Interest in contemplation of WILL of his father, the same should have been exempt.

I would like to take back the above reply. FD and interest on FD shall be exempt in the hands of son. Int on Fd shall be taxable in the hands of father only.

Not taxable in the hands of the son.

This contemplation at will ... as per other source income amount received after dealth to son or any other that income is exempted ..this is said as a gift.....also received from relative,education society,charitable society etc.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details