Self income nil / money taken from parents
This query is : Resolved
21 July 2016
FY - 2015-16
Income = Nil
Money received from Parents - 8,00,000
Flat purchased worth 16,00,000
Stamp duty paid around 80,000
Is returns filing required ?
Will money from parents be looked as income ?
Can it be masked as change of hand and not income ?
Income = Nil
Money received from Parents - 8,00,000
Flat purchased worth 16,00,000
Stamp duty paid around 80,000
Is returns filing required ?
Will money from parents be looked as income ?
Can it be masked as change of hand and not income ?
21 July 2016
Yes, Return is to be filed.-ITR-2A.
Show 8 lac in EI as money from blood relations/relatives.
Purchased house and if rent income or second house -show it in HP section .
Show 8 lac in EI as money from blood relations/relatives.
Purchased house and if rent income or second house -show it in HP section .
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