I received bank transfer of 2 lacs in my bank account from my brother.
whether it is taxable ?
also let me know whether it is necessary to disclose in itr?
Menu
Disclosure in itr
Replies (4)
What is the cause of the transfer of the amount?
Whether it is gift or loan?
In either case it is not taxable.
Disclosure in ITR depends...
Gift.
then how to disclose
then how to disclose
Disclose in exempt income column in ITR
Show it as gift exception of Sec 56(x) 2
Recent Threads
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
Related Threads
CAclubindia
