FD source of Income

This query is : Resolved

Ritesh (Querist)
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02 June 2025 Hello Sir,

My mother is senior citizen pensioner her annual income is around 5 L ( pension 2.5 L + Agriculture income 2.5 L).

I am salaried and I have open FD (tentative amount 20L) from My mother account be transferring amount to her account to get senior citizen benefit.

Now its showing Purchase of time deposits amount as 20 L. If Income tax ca ask query for same if Yes how to reply? Or Shall I need to show this amount in ITR. If yes in which section?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2025 Say it's gift from son exempt from tax.

Message likes : 1 times

Ritesh

Ritesh (Querist)
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05 June 2025 Thank you sir, Can I need to show gift to relative in ITR2 for against exempt income in other section?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 June 2025 Yes, show it...
...

Message likes : 1 times

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