Gift recd from brother

Dear sirs ,

One assessee had recd cheque gift from his real brother if Rs 351000/- although gift deeds has been made 

Now while filing  return of income using software error is showing that gift canr ve written in exempt income because section 56 is not included in new scheme as per new scheme of filing Income tax return 

But I have never recd such notification and even asked others they were also blank.

Plz advise 

Thanks 

Replies (1)

Gifts from a real brother are fully exempt from tax under Section 56(2)(x). The software error is likely a technical issue in how you are categorizing the entry. Please report it under the "Exempt Income" schedule of your ITR, not as taxable income. Always maintain your gift deed and bank records as proof for potential future inquiries.

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