Should Rs 1,40,000 given by mother to adult son as a gift, be shown as as "Income from other Sources" by the adult son in his ITR ?
Menu
Gift from mother to adult son
Replies (2)
gift are also taxable , it will not be levied if you are below the slab rate
no... gifts received from relatives is exempted
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
