Question

Mrs. Sheela, widow of Mr. Satish (who was an employee of M/s. XYZ Ltd.),

received Rs. 7 lakhs on 1.5.2018, being amount standing to the credit of Mr.

Satish in his NPS Account, in respect of which deduction has been allowed under

section 80CCD to Mr. Satish in the earlier previous years. Such amount received

by her as a nominee on closure of the account is deemed to be her income for

A.Y.2019-20.
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Answer 1

Explanation:

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