Hi,
Does inherited income (from bank accounts & FD) have to be reported on ITR2 schedule EI under the "Other" category. These transfers are already tracked as part of the receiving bank account transactions.
Thanks,
Prakash Narayanan (5 Points)
27 July 2017Hi,
Does inherited income (from bank accounts & FD) have to be reported on ITR2 schedule EI under the "Other" category. These transfers are already tracked as part of the receiving bank account transactions.
Thanks,
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160760 Points)
Replied 27 July 2017
Not mandatory....... (being capital receipt)
Simultaneously.......... No harm if disclosed under EI