One of my friend has sold a property (Flat) during FY 2021-22. He has filed ITR2, having a long term capital loss for the sales made.
Out of the proceeds received from sale of property he has gifted Rs.20 lacs to his mother being a senior citizen. This was deposited in her bank account during FY 2021-22. She has invested the same in some shares during the same year.
Now, whether his mother (Sr Citizen) have to file ITR. She has no other income.
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