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Gift from Blood relations
I have received ₹.19 Lakhs as gift from my Grandfather by cheques in F.Y.:2019-20. Where do I report this in ITR?
Replies (3)
Exempted income session you will show
Check with income tax rules , compute the taxable portion of given , then file
It is an exempted income because you have received gift from your relative. you have to show it in other sources
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