Amount recd by way of nomination ,
Minalal Bhansali (72 Points)
02 December 2019Minalal Bhansali (72 Points)
02 December 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173884 Points)
Replied 02 December 2019
As there is no inheritance tax, any amount received by legal heir/s of a deceased is not taxable under IT act... be it nominated or otherwise....
Sec. 56(2)(x) of IT ct...
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training