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Do I need to file ITR for getting money from mother

ITR 606 views 4 replies

I need some guidance regarding income tax filing. I transferred total ₹11,000 from my mother’s bank account to my Paytm wallet in 1 year. I don’t have any other source of income.

Do I need to file an ITR for this transaction? Is this something I need to report?

Thanks in advance for your help!

Replies (4)
Quick Summary
Transfer of Rs 11,000 from mother to son is treated as a tax-free gift under Income Tax Act. Since there is no other income, ITR filing is not mandatory. However, keeping basic bank records as proof of source is advisable for future reference.

No, you do not need to file an ITR or pay taxes on the ₹11,000. Money received from a mother is a tax-free gift, and since you have no other income, you fall well below the mandatory filing limit.

Is there any necessary to report this transaction ?

While you don't need to report it now, it is always a good practice to keep a simple record (like the bank statement showing the transfer) just in case the tax department ever asks about the source of funds in your wallet. For such a small amount, a formal "Gift Deed" is usually unnecessary.

Thanks for clearing my confusion, I really appreciate your help.


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