Showing Gift from relative in ITR

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This discussion explores whether gifts received from close relatives, such as a son gifting to parents, should be declared in ITR-2. While there are differing opinions among tax professionals, the consensus leans towards declaring such gifts under Schedule EI, specifically within the 'Other' category, even with recent changes to the ITR utility. This proactive approach is recommended to prevent potential future inquiries from the income tax department regarding the source of funds, especially for larger amounts.

Ritesh

Ritesh (Querist)

05 June 2025 Hello Sir/ Madam,

Shall we show gift received from close relative (son given gift to parents) in to ITR2 (of parents) against exempt income (against other options) or not ?

There are different opinions from different CA. Some CA saying no need to show it .
Some CA saying income tax department may ask source of income to receiver person if amount is more than 10 L and donnes investment it in either FD or Captain gains.
Is there any guidline from incometax department for same ? Please help.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

06 June 2025 As such no specific guidelines from ITD. Preference is given over its declaration to avoid any future enquiry/irritation.

Message likes : 1 times

Ritesh

Ritesh (Querist)

06 June 2025 Thank you sir, so we should declare it in ITR2 against exempt income (against other options) right ?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

06 June 2025 Yes, advisable. Under schedule EI.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

28 September 2025 Good luck.....

Ritesh

Ritesh (Querist)

02 July 2026 Hello sir Dhiralaj sir ,
Thank you for always helping me.
This year there is some changes in ITR. Till last year we can able to declare gifted amount in schedule EI against other sections.But this year they have added some sub catagory in other sections .can we still show gifted amount in Schedule EI against Other option or from this year no need to declare that ?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

02 July 2026 There is no change to declaration as such. So, always advisable to declare it. This year declare it under 'other' option...

Ritesh

Ritesh (Querist)

02 July 2026 Thank you sir. This year they have added 1 Sub category in Other that is "Receipt not in the nature of Income" . Last year there is no sub category in Other sections so Just want to verify if can I select that sub catagory or not ?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

02 July 2026 Yes, select the available sub-category.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

14 July 2026 Recently ITR utility has been modified by the option 'Other"; where you can declare the same.

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