Is the money coming to the nominee due to the death of the Fixed Deposit holder considered as an income to the Nominee and does it have to be brought under the taxable component?
Does this differ if the Nominee is a Son or daughter of the deceased.
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Is money which you get as a nominee taxable
Replies (2)
any amt received by nominee on account of death is not taxable. it doesnt matter whether nominee is son/daughter/someone else.
Yes, it is non-taxable in the hands of the nominee.
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