It return
This query is : Resolved
17 July 2015
a individual has a annual salary of rs 4.5lakh, and he received 21 lakh from his mom which is got from sale of building and paid housing loan now in his form 16 a he declared 2lakh interest exception and remaining in 80 c, so if we file return now does he get any problem
18 July 2015
The amount of 21 lakhs is received as gift not taxable. Show 2 lakhs interest and 80 C claim payments from out of his taxable income.
Then no problem.
Then no problem.
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