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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Exempt gift in itr1
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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
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