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Exempt gift in itr1


neha (Others)     26 August 2019

neha
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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?

RAJA P M ("Do the Right Thing...!!!")     26 August 2019

RAJA P M
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Between Part C and Part D as "Exempt Income".

avater

Kapadia Pravin   26 August 2019

Kapadia Pravin

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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

neha (Others)     26 August 2019

neha
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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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