Dear Gurus,
In Financial year 2015 - 2016 i have received a sum of Rs 10.00 Lakhs from my own sister (non-refundable) and Rs 6.00 Lakh from my friend ( refundable without interest at my convienient time). Shall i disclose the above amount in my Income tax. If so under which categeory. Exempted Income or some other specify Please.
Financial transaction via bank through RTGS.
Regards
Dr.Raja.