Hi I had received gift of Rs. 1.5 lacs from my sister for purchase of house. How to show the same in income tax return. I understand no tax shall be levied on the same.
Menu
Gift in income tax return
Replies (1)
You can show the gift received under the Schedule Exempt Income. (Schedule EI)
Depends on the ITR your are filing.
Regards,
Devendra Kulkarni
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
