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GIFT INCOME DEED ISSUE

This query is : Resolved 

27 January 2022 Respected Sir,

During the whole financial year 2020-21 one of my clients has received a sum of Rs 15,72,000 in many Installments on account of GIFT from her real brother settled in US. As I have to show the said income in ITR-2 under the head of exempt income, whether any DEED is required for such a GIFT INCOME as supporting documentary evidence.

27 January 2022 No deed is required bank statement evidencing transfer is enough.



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