Income of nominee from bank deposit
Goutam Sen (62 Points)
07 December 2021
Is it taxable in the hands of nominee
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193726 Points)
Replied 08 December 2021
NO INCOME TAX OVER CAPITAL RECEIPT BY NOMINEE AFTER THE DEATH OF THE ACCOUNT HOLDER.
ANY INTEREST EARNED IN FUTURE, OVER IT IS TAXABLE.
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