Gift from father

Gift from father is not taxable. show it under exempted income column

Gift from father is not taxable. show it under exempted income column

thnks..

thnks..

PHLAGUN JI 

GIFT FROM FATHER IS NOT AN EXEMPT INCOME BUT IT'S A CAPITAL RECEIPT AND SHOULD BE CREDITED IN CAPITAL A/C AS THIS WILL INCREASE YOUR CAPITAL 

AND

SHOULD NOT BE SHOWN UNDER EXEMT INCOME COLUMN

agree with gopal...gift from father is exempted capital transfer and shall be added in the capital of son

Mr. Gopalji gift from relative is exempt so hence from father also exempt. But i agree that it should be taken into capital a/c.

gift received from father should be capitalised because it is a capital receipt....