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GIFT TAX FOR ITR
I have gifted my brother 10lakhs from my salary.Should he declare that in this year itr??
Replies (4)
ITR does not require such exempt Gift to be shown
@ vijeth.,
Yes... it will be shown under ITR as exempt income...
Yes... it will be shown under ITR as exempt income...
it's a gift and not an income at all. Nowhere to be shown
good clarification and information
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