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GIFT TAX FOR ITR

Others 172 views 4 replies

vijeth

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??

Replies (4)

Kapadia Pravin

17264 Points Posted on 10 August 2019

ITR does not require such exempt Gift to be shown

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 10 August 2019

@ vijeth.,

Yes... it will be shown under ITR as exempt income...

Kapadia Pravin

17264 Points Posted on 11 August 2019

it's a gift and not an income at all. Nowhere to be shown

subhagan sreerangam

7059 Points Posted on 11 August 2019

good clarification and information

CCI Pro

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