tax on NHAI bond received as nominee of father

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  1. AnkitguptA

    AnkitguptA New Member

    Dear Sir/Madam,

    My father sold a residential house in 2014, and invested Rs 50,00,000 in NHAI bond and have made me nominee to save capital gain tax.
    He is no more, now i will be getting the amount invested after maturity.

    Will i have to pay any kind of tax on that amount ( or income )?

    All Experts are requested to please help.
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    You would be getting the amount after maturity.

    The principal amount received would be exempted from tax but the interest received would be liable to tax as per the income tax slab rates.
     
    AnkitguptA likes this.
  3. AnkitguptA

    AnkitguptA New Member


    Thank You Gaurav Sir.

    Sir can you also tell nomination procedure formalities like documents required, department to be informed?

    i will be very thankful to you for this further help.
     
    Last edited: Dec 18, 2014
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