Gift from father in cash
This query is : Resolved
13 October 2014
I want to know while filing ITR where we hv to show d gift recieved from Father in Cash.
what treatment of this transaction to b made.
14 October 2014
it is a capital receipt. you can show it as EI income if you are filing ITR1/ITR2. In ITR4, you can show it as capital receipt.
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