Showing gifted money in itr-2
This query is : Resolved
22 August 2012
I have gifted 10L out of my tax paid salary to my father . I want to know under which schedule my father has to show this income while filing his return ?
22 August 2012
1. Such income is exempt in the hands of your father u/s 56(2).
2. He can show the same under exempt income.
2. He can show the same under exempt income.
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