Showing Gift from relative in ITR
This query is : Resolved
Quick Summary
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.
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.
06 June 2025
As such no specific guidelines from ITD. Preference is given over its declaration to avoid any future enquiry/irritation.
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06 June 2025
Thank you sir, so we should declare it in ITR2 against exempt income (against other options) right ?
06 June 2025
Yes, advisable. Under schedule EI.
28 September 2025
Good luck.....
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 ?
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 ?
02 July 2026
There is no change to declaration as such. So, always advisable to declare it. This year declare it under 'other' option...
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 ?
02 July 2026
Yes, select the available sub-category.
14 July 2026
Recently ITR utility has been modified by the option 'Other"; where you can declare the same.
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