I want to buy a home in Delhi .My Father Sister wants to gift Rs.15 Lakh in my saving bank account through cheques in January 2021. We will also execute gift deed.
In this question I am a nephew
My main question is ?
Q1. How to show money gift in ITR-1 from blood relatives under which section and where ? Please explain in detail
In EI means exempted income session you will show it
In exempted income drop down menu there is any other option. Should I show this Gifted money in any other option and in descripttion should I write (Gift from my Father Sister)? Please explain it.
In exempted income drop down menu there is any other option. Should I show this Gifted money in any other option and in descripttion should I write (Gift from my Father Sister)? Please explain it.
In drop down you can choose any other and write for what it is and you can show
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