banner_ad

Exempt gift in itr1

Tax queries 561 views 3 replies

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?

Replies (3)
Between Part C and Part D as "Exempt Income".
Exempt gift is a capital receipt by receiver Donee) and not an income at all. So not to be disclosed in ITR1
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 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details