Exempted income u/s 56

raja (owner) (86 Points)

07 June 2016  

Dear Gurus,

I have married in past financial year FY 15-16. In the financial year my friend gifted me Rs 5,00,000 on various dates after my marriage date.

My Query :

1) shall i disclose the income from other sources and shall i get excemption fro Rs 5 lakh u/s 56.

Thanks in Advance