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Exempt income (gift from relative) compulsary to show in ITR form
exempt income (gift from relative) compulsary to show in ITR form
Replies (4)
Depends of amount
if huge amount then compulsory
Otherwise if less amount then it's upto you to show or not
Amount is 5 lakh
Show it in itr in EI session if from relative as per income tax law
It is not compulsory to show but it is in favour to show
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