Gift received

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Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Gift received from father which is expemted where to show in ITR return (salaried employee)

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 July 2011 ITR-1 (Sahaj) is the form. Pl include the referred gift in 'work sheet no.5',column 4.

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Thank u sir i am not finding any ws & column in itr1 excel as mentioned

3 ws Income details , tds & tax & verification are there.

Pls help me

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Thank u sir i am not finding any ws & column in itr1 excel as mentioned

3 ws Income details , tds & tax & verification are there.

Also income expempt from tax column showing (Div.income,agr.incom <5000) and my gift received is Rs.50 lacs

Pls help me

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 July 2011 The work sheet and column referred are in the paper format form issued by govt of India,which I got,at free of cost,from the Income tax office.

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Thanks sir but E filing where to show

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 July 2011 There is no need to show the Gift Received from father -as the same is not covered under Section 56 vis-a-vis U/s 2(24) as Income.

Only taxable gifts are forming part of income.

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