banner_ad

Gift Amount under which ITR section?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 August 2020 My mother is a Pensioner and files ITR-1 every year. I had gifted 10 Lacs to my mother by cheque this January. Does she need to show this amount in her ITR? If 'Yes', then under what section of ITR-1 and how? As per my understanding gifts from specific relatives like parents, spouse and siblings are Tax Free. So please guide me as early as possible. Thank You.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
11 August 2020 Not necessarily to show it. But can be shown in exempt income schedule of ITR.
Profile Image

Vaish T

Profile Image

Vaish T (Querist)
11 August 2020 Thank You very much Sir. I appreciate very much for your quick response. I have another query, which I have posted on the forum, Can you please answer? Link is here -> https://www.caclubindia.com/forum/small-ltcg-on-itr-553279.asp
Profile Image

Vaish T

Profile Image

Vaish T (Querist)
12 August 2020 Thank You Sir for your prompt response.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details