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gift received from relatives

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Audit Executive
73 Points Posted on 11 August 2019
hi
please tell me where to show gift received from relative in
ITR3
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On 11 August 2019 at 21:05 Report
Replies (8)
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student
268 Points Posted on 11 August 2019
Disclose u/h of IFOS
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On 11 August 2019 at 21:21
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205 Points Posted on 11 August 2019
Should not be disclosed in ifos. It should be added to the capital account
1 Reply
On 11 August 2019 at 21:54
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Audit Executive
73 Points Posted on 11 August 2019
hi
it's a no account case, still do i need to mention the amount somewhere??
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On 11 August 2019 at 22:14
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205 Points Posted on 11 August 2019
Which type of gift?
1 Reply
On 11 August 2019 at 22:15
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Audit Executive
73 Points Posted on 11 August 2019
gift from father or mother amt less than 50k
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On 11 August 2019 at 22:40
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205 Points Posted on 11 August 2019
less than 50k is not an issue. u need not about this
1 Reply
On 11 August 2019 at 22:42
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17264 Points Posted on 11 August 2019
Gift from relative is a capital receipt and not income. Nowhere it's to be shown in ITR
101 Reply
On 11 August 2019 at 23:31
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Audit Executive
73 Points Posted on 11 August 2019
thank u so much sir
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On 11 August 2019 at 23:37


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