Accident claim regarding
M.RAJA.
(Querist) 08 February 2011
This query is : Open
Respected sir,
my fathar worked as s.i of police he met an road accident and he expired on 2005.so we got 14laks as compensation via court.
me mother and sister are the legalheir of the deceased.
me and my mother got the amount each five lakhs.
but my sister is only 12 year old she is minor.
my question is
1.When will we got the amount?
1.whether we have rights to ask in which bank the amount is deposited at which rate of interest?
2.if the amount is deposited in the bank with lowest interest rate.whether we have the rights to change the bank which give high interest rate.
3.whether the interest will claim monthly?
4.my sister is minor.whether she needs pancard or the amount deposited in the bank via court is not taxable please tell me.
5.nowadays the amount deposited in the bank without pancard is taxable.whether this rule is applicd for my sisters amount deposited via court.
please give me some guidance via my mail dineshrajaips@gmail.com
iam waiting for your answer as per your answer i will follow
thank you
