Tax treatment
This query is : Resolved
20 February 2018
Dear Sir/ Madam,
I wanted to know what will be tax treatment for:-
1. Money received by the insurance company to the assessee as nominee of mother and mother expired.
2. Money withdrawal from mother's saving account when the mother expired.
3. As a nominee, mothers movable and immovable property acquired by the assessee after death of parents.
I wanted to know what will be tax treatment for:-
1. Money received by the insurance company to the assessee as nominee of mother and mother expired.
2. Money withdrawal from mother's saving account when the mother expired.
3. As a nominee, mothers movable and immovable property acquired by the assessee after death of parents.
21 February 2018
No tax payable on all three above.
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