Gift from sister

raja (owner) (86 Points)

28 April 2016  

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.