Fixed deposit amount receieved after mother death

837 views 1 replies

Hi,

I have few doubts regarding my income tax filling. here are the list of doubts:-

1) My mother has few fixed deposit (kisan vikas patra) on her name and i am the nominee for them.My mother had taken 30000/- FD in 2002 which was matured on 2010 but in between my mother has passed out  in 2006. Now i have broken these FD in OCT 2012. On breaking of FD i have received around 64200/- .I want to know ithat  do i need to show 60000 amount in ITR form anywhere or i need to get some stamp paper proof for income tax if yes, Please let me know where to show that amount. I will add 4200 amount in my Interest income.

2) I have received RS1380/- as refund by Income tax for AY 2009-2010. Do i need to show that amount anywhere in ITR form if yes, pleae let me know  the section name in ITR form?

Replies (1)

Hi Manoj,

Principal amount received on matuirity of your instrument is a Capital Reciept and therefore it does not form part of your income.

2ndly u dont have to show this 60000 anywhere in ITR return.

As far as IT refund is concerned u can offer only Interest portion of the refund and not the enire refund amount...

Regards...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details