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(Querist)
19 September 2017 I received gift from my father rs. 5 lac. I also have consultancy income also. What is the tax treatment if i file my income tax return for the AY 2017-18
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RAJA P M

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RAJA P M (Expert)
19 September 2017 It's exempted income for you...
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
19 September 2017 Same is exempted as received from relative . .....
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
20 September 2017 Gift from father is wholly exempt from tasx. COnsulting income is taxed as income from business or profession
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
20 September 2017 Gift from father must be shown under exempt income in ITR
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
20 September 2017 Agreed with K Srinivas
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Yasir

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Yasir (Querist)
21 September 2017 Thanks to all of you
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
22 September 2017 Welcome......
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