FD Amount Received from Nominee .

This query is : Resolved 

16 October 2020 Dear Experts, My Cousin Sister Tested Covid-19 Positive and passed away. She deposited some amount in Fixed deposit and I am the nominee to receive the same. My Question is that after receiving the closed proceeds of FD Amount is it taxable? if not taxable how to treat the same.? Thanks in advance

16 October 2020 It is not taxable to you. You are a 'trustee' of the deceased and the money should be given to the legal heir's of the deceased.



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