Do I need to file ITR for getting money from mother

ITR 562 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)

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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