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Articles by Pulkit Agrawal

Required to file ITR?

Pulkit Agrawal 03 November 2015 at 10:53

It is mandatory to file your Return of Income (ROI) and communicate your details of incomes earned to the Income Tax Department. The provisions relating to filing of ROI depends upon the status of taxpayer. The position in regard to this is described

Gifts received not to be indicated in ITR

Pulkit Agrawal 08 August 2015 at 11:22

Introduction :-As per Section 56 of Income Tax Act 1961, Gift exceeding Rs. 50,000/- is taxable in the hands of Donee and is to be indicated under the head Income from Other Sources in ITRs. But if gifts recei