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GIFT TAX FOR ITR

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student
22 Points Posted on 10 August 2019
I have gifted my brother 10lakhs from my salary.Should he declare that in this year itr??
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On 10 August 2019 at 21:34 Report
Replies (4)
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17264 Points Posted on 10 August 2019
ITR does not require such exempt Gift to be shown
101 Reply
On 10 August 2019 at 21:58
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"Do the Right Thing...!!!"
128147 Points Posted on 10 August 2019
@ vijeth.,

Yes... it will be shown under ITR as exempt income...
463 Reply
On 10 August 2019 at 22:50
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17264 Points Posted on 11 August 2019
it's a gift and not an income at all. Nowhere to be shown
101 Reply
On 11 August 2019 at 00:11
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7059 Points Posted on 11 August 2019
good clarification and information
33 Reply
On 11 August 2019 at 14:02


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