If gift of non-taxable item (non specified property like a DVD player), is received by an individual from a friend, and an entry is also passed in his personal books, is it necessary to show it in the income tax return (in income statement ) ?
If gift of non-taxable item (non specified property like a DVD player), is received by an individual from a friend, and an entry is also passed in his personal books, is it necessary to show it in the income tax return (in income statement ) ?