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Income Of Deceased Father

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(Querist)
08 September 2016 What is the tax treatment when I Receive mature proceeds of the fixed deposit Put by my father in his name but He was no more and Me in the capacity of Nominee received the said amount..Is the said amount taxable in my hands..???
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ACA Anurag

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ACA Anurag (Expert)
08 September 2016 Dear thiyagarajan, which type of fixed deposit is it?? tax saving, FD or?
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Thiyagarajan

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Thiyagarajan (Querist)
08 September 2016 Dear Sir, It is not a Tax saver deposit...its a normal cumulative deposit..
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ACA Anurag

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ACA Anurag (Expert)
08 September 2016 Dear Thiyagarajan FD amount recieved to the nominee is not taxable. Hope your query is resolved
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Thiyagarajan

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Thiyagarajan (Querist)
08 September 2016 Thank U sir... And What will be the situation if the same is Tax Saver Deposit..?

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