Exempt gift in itr1


Others

where to show the exempt gift received in itr 1? also doe the person giving gift have to show it in his itr1 too if yes where?

 
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"Do the Right Thing...!!!"

Between Part C and Part D as "Exempt Income".
 
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Exempt gift is a capital receipt by receiver Donee) and not an income at all. So not to be disclosed in ITR1
 
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Others

Originally posted by : Kapadia Pravin
Exempt gift is a capital receipt by receiver Donee) and not an income at all. So not to be disclosed in ITR1

 oh ok thanx 

 

 
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