Dear sir,
Mother gave Rs.44000/- to her daughter as gift to born of baby. Daughter Convert to in FDR. now please suggest can both mother and daughter face any issue from IT department. IN ITR daughter needs to show gift Cheque.
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Gift Cheque
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Refer Sec 56(x) (2)
In ITR DAUGHTER NEEDS TO SHOW THE GIFTED AMOUNT under exempted amount
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