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Section 56(2) of the Income tax Act 1961 , Gift to relative .

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14 June 2026 Gift from relative is Exempt from tax under section 56(2)of the income tax act 1961 , however in ITR 1 , there is no such provision or drop down list in schedule exemption to show gift amount . where to report in Itr1

Note- ( No other income only Interest and exempt income therefore ITR1)
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