HOW TO SHOW GIFT IN ITR-1?

This discussion clarifies how to declare a gift of Rs. 15 Lakh from a 'Bhua' (father's sister) for a property purchase in Delhi. While gifts from specified relatives (like parents) are exempt, gifts from other relatives like a paternal aunt are generally taxable if they exceed Rs. 50,000. The gift should be declared under 'Income from Other Sources' in ITR-1, with specific guidance on the relevant sections.